Wednesday, June 6, 2018

President Fucktard Trump is destroying America's farm industry with his moronic trade wars. Trump is a stupid fucking asshole.

Wall Street Journal - Mexico and Canada Add to Nations Striking Fear in U.S. Farmers

Mexico joins China in imposing tariffs on imports of U.S. food and farm goods as Canada, Europe consider similar moves.

U.S. farmers, already losing sales to China, are facing new threats to sales in other big overseas markets as trade tensions spread globally.

Mexico this week imposed tariffs on major U.S. exports such as cheese and pork, while Canada and the European Union are considering tariffs on imports of U.S. food and farm goods from corn to orange juice to peanut butter, in response to the U.S. placing tariffs last week on steel and aluminum imports from those countries. In addition, analysts say, China could target other crops and products after Trump administration officials last week outlined potential tariffs on $50 billion worth of Chinese goods.

The rapid-fire exchange of tariffs and trade threats leaves U.S. farmers and agricultural groups fearing tougher sells in their most important overseas markets, with duties adding to the cost of U.S. goods in markets that imported $70 billion worth of U.S. farm products last year, according to the U.S. Department of Agriculture.

U.S. farmers already are feeling the pinch from the trade sniping. In Iowa, the top pork-producing state, Dean Meyer has seen his prices decline since China levied duties on American pork imports in April.

“We’re at a point in our operation where profits are compromised,” said Mr. Meyer, who recently expanded his operation near Rock Rapids, Iowa, to sell around 22,000 hogs a year, partly betting on increased demand from abroad. “The last thing we need is a hiccup in demand.”

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