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Iowa Republicans turning on Trump over tariffs

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  • Iowa Republicans turning on Trump over tariffs

    Iowa Republican leaders voiced concern Tuesday about a trade war after President Donald Trump upped the trade ante with China, threatening to slap tariffs on another $200 billion of products.

    "We know what happens when tariffs are increased ... and there's retaliation. It hurts agriculture. It's going to hurt Iowa tremendously," U.S. Sen. Chuck Grassley said during a weekly call with reporters.

    The new Trump tariffs, announced Monday, come days after the U.S. and China each said they'd level tariffs on $50 billion of goods.

    The 25 percent tariffs, slated to go into effect July 6, capture hundreds of U.S. goods, including soybean exports.

    They could cost Iowa farmers about $624 million, given reduced demand and prices, an Iowa State University economist estimates.

    And new Chinese tariffs already in place on pork could cost Iowa producers $360 million.

    Iowa Gov. Kim Reynolds said Tuesday the tariffs threaten a "fragile ag economy."

    "Our farmers want to work with you, but we need to get something done," the Republican said, noting that the rest of Iowa's economy had started to "grow and boom."

    "Agriculture is always the first casualty when we’re talking about trade negotiations. Our farmers are producers, and they just want access to markets," said Reynolds, adding that she would again reach out to the White House and Cabinet members with her concerns.

    Sen. Joni Ernst said the "tariffs are nothing more than a tax on Iowa farm families."

    https://www.desmoinesregister.com/st...ump/713536002/

    Suddenly, they're shocked that Trump is doing what he said he would do. They have no one to blame but themselves.
    This message is hidden because ...

  • #2
    so turn the soybeans into diesel and let the chinese and the arabs starve

    Comment


    • #3
      Originally posted by ok doser View Post
      so turn the soybeans into diesel and let the chinese and the arabs starve
      Tell the farmers.


      'Trade wars are good, and easy to win'
      Donald Trump

      President Trump has vowed to impose tariffs on $34-billion dollars’ worth of Chinese products beginning at midnight Friday. And the Chinese are targeting U.S. products, like soybeans, in return.

      But Iowa farmers didn’t have to wait until the tariffs are officially in place to see a real impact.

      The soybeans look good in John Airy’s fields in Linn County. But pricewise, things could hardly be worse.

      If he sold for the cash price on Thursday, he’d only get $8.14 a bushel. That’s more than two dollars a bushel less than those same beans would have sold for back in early May.

      “The bottom line is we’ve got a rumor flying. That’s what’s scaring the market. And that’s what’s driving the market down,” Airy said.

      Airy says the markets might not drop a lot more if China imposes the threatened tariffs in retaliation on Friday. That’s because current soybean prices already assume it’s happened.

      China buys about 40 percent of the U.S. soybean crop. The percentage is even higher in Iowa—possibly 60 percent or more.

      Another farmer, Denny Sejkora, says no one’s really selling Iowa beans to China now. Those sales usually happen in late fall or early winter after harvest season in the U.S. At the moment, China is probably buying soybeans from Brazil.

      http://www.kcrg.com/content/news/Iow...487450011.html

      Americans will need to buy a lot of pork as well. That is, if they want the pork industry to remain even modestly healthy. Pork Magazine reports:

      Tariffs and other factors have created a significant decline in U.S. pork exports to China, with losses over a 12-month period estimated at $150 million. The long-term impact could be much more.

      https://www.usatoday.com/story/money...ney-topstories

      And manufacturers:

      Harley-Davidson to Shift Production Overseas to Offset EU Tariffs
      Motorcycle maker said 31% tariff the EU enacted last week would raise the cost of each bike it ships there from the U.S. by about $2,200

      https://www.wsj.com/articles/harley-...ffs-1529927301

      Despite his promising to be “the greatest jobs producer that God ever created” after winning the presidency, Trump’s recent slew of overseas tariffs has led to an increasing number of job losses at home.

      America’s largest nail manufacturer, Mid-Continent Nail, became the first company to lay off employees as a result of Trump’s tariffs in mid-June. The Missouri-based company made its nails with steel imported from Mexico, but Trump’s 25% tax on steel dealt a blow to production. Sixty employees lost their jobs, and the whole company—which employs 500—could be out of business by Labor Day, said the Washington Post.

      http://fortune.com/2018/07/05/trump-tariffs-us-layoffs/

      Industry coalitions have warned that tariff increases will cause job losses in the future. The Solar Energy Industries Association estimated that new tariffs imposed by the Trump administration will lead to the loss of 23,000 jobs in the U.S. solar sector. BMW and General Motors each sent letters to the Commerce Department warning that new tariffs could lead to higher car prices and job cuts at production plants. Volvo had promised to hire 4,000 new employees for a new plant in South Carolina, but has said it may have to break this promise as a result of new tariffs.
      http://fortune.com/2018/07/05/trump-tariffs-us-layoffs/
      This message is hidden because ...

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      • #4
        Originally posted by The Barbarian View Post
        Tell the farmers.
        i'll get right on that pops

        Comment


        • #5
          This message is hidden because ...

          Comment


          • #6

            How Trump’s trade war with China could go sideways on him
            President Trump is a man who judges his successes by anecdote — both real and embellished. But his trade war is turning the anecdotes against him, and there are growing signs of trouble, even as the war officially began Friday.

            https://www.washingtonpost.com/
            This message is hidden because ...

            Comment


            • #7
              Screw You, Donald Trump - We'll Go It Without You.

              CTA deal tops agenda as Emanuel heads to Asia amid trade war between U.S. and China...

              “...What I will say is, no, we don’t grow soybeans,” Emanuel said. “On the other hand, do you know where this is going, this dispute? I don’t...”

              http://www.chicagotribune.com/news/l...706-story.html

              Comment


              • #8
                I read all about this and if you do not know , the Market was down AGAIN TODAY AFTER GOOD JOBS REPORT SHOULD HAVE LET THE MARKET RISE THEN SLOWLY RISE, BUT DONALD, 'THE NUT', TRUMP HAS TO WAR WITH CHINA. YOU DO NOT KNOW HOW MAD THIS MAKES ME. NOT MUCH MAKES ME MAD BUT DELIBERATELY DAMAGING THE ECONOMY FOR THE SAKE OF A DREAM INFURIATES ME ENOUGH TO HOPE THE DEMOCRATS COME INTO BOTH HOUSES LIKE A HEARD OF TRUMPING BUFFALO AN BEGIN CURBING THE RIGHT OF PRESIDENTS TO RAISE TARIFFS.
                So, what?

                believe it!

                Comment


                • #9
                  Originally posted by Ktoyou View Post
                  I read all about this and if you do not know , the Market was down AGAIN TODAY AFTER GOOD JOBS REPORT SHOULD HAVE LET THE MARKET RISE THEN SLOWLY RISE, BUT DONALD, 'THE NUT', TRUMP HAS TO WAR WITH CHINA. YOU DO NOT KNOW HOW MAD THIS MAKES ME. NOT MUCH MAKES ME MAD BUT DELIBERATELY DAMAGING THE ECONOMY FOR THE SAKE OF A DREAM INFURIATES ME ENOUGH TO HOPE THE DEMOCRATS COME INTO BOTH HOUSES LIKE A HEARD OF TRUMPING BUFFALO AN BEGIN CURBING THE RIGHT OF PRESIDENTS TO RAISE TARIFFS.
                  Meanwhile the Trump drones go on in their idiotic ignorance about just who is trying to change what...

                  (A Trump drone) berates a woman in a public park for wearing a Puerto Rico shirt..

                  A cop shows up and does nothing...
                  The article and written transcript...

                  https://www.vox.com/2018/7/10/175554...ico-flag-shirt

                  The actual video...

                  https://m.facebook.com/story.php?sto...ox.com%2F&_rdr

                  Comment


                  • #10
                    The good news?



                    Forest Preserves @FPDCC
                    · 9 Jul
                    Replying to @FPDCC
                    The investigation is ongoing and the officer involved has been assigned to desk duty pending the outcome. The intoxicated individual involved in the incident was arrested and charged with assault and disorderly conduct.

                    https://www.vox.com/2018/7/10/175554...ico-flag-shirt

                    One bad cop doesn't equate to one bad department. And they caught and charged the criminal.

                    So a good result at the end.
                    Last edited by The Barbarian; July 11th, 2018, 07:34 PM.
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                    Comment


                    • #11
                      There are some signs that republicans are realizing what a disaster this will be if it continues:


                      Iowa Senate Majority Leader Jack Whitver, R-Ankeny, told reporters later that there are "certainly" Republicans and other Iowans who don't want to see commodity prices hurt by a trade war. But he declined to criticize Trump.

                      "The president is trying to renegotiate these deals, and I think at this point we hope those can get renegotiated as soon as possible so there aren't long-lasting impacts on Iowa," Whitver said.

                      Asked if Senate Republicans are starting to back away from supporting Trump, Whitver replied, "I think we are watching the trade issue very closely."

                      https://www.desmoinesregister.com/st...ure/489970002/
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