Farm bankruptcies jump to highest level since 2011 as Trump’s tariffs bite - Business Insider

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Farm bankruptcies jump to highest level since 2011 as Trump’s tariffs bite

A tit-for-tat tariff dispute between the Trump administration and China has piled on pressure in an already strained Farm Belt, leaving an increasing number of growers unable to stay afloat.

China placed steep tariffs on US farm products last year to retaliate against punitive moves by the Trump administration, adding to challenges for farmers already faced with harsh weather conditions and low commodity prices. Those have sent exports sharply lower and made it difficult for growers to plan the next harvest.

Ahead of the 2020 elections, the president has increasingly attempted to placate farmers who helped elect him in 2016. The Trump administration has announcedBut the unprecedented amount of government aid has raisedand drawn backlash from agricultural groups and bipartisan lawmakers. Roughly 40% of farm income is expected to come from government aid, according to Department of Agriculture data analyzed by the federation.

Farm bankruptcies rose to or above decade-highs this year in Iowa, Kansas, Maryland, Minnesota, Nebraska, New Hampshire, South Dakota, Wisconsin and West Virginia, according to the federation.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

And yet they still drink the Orange drink. Hatred and racism runs deep. If reelected, he can bail them out. That is the JUUL they are smoking.

Never worked how being obnoxious, generally rude and aggressive helped to create a good atmosphere for business

ThanksTrump MoronInChief MoronTradeWar GOPFail GOPTaxScam VoteThemOut TrumpsEconomySucks VoteBlueToSaveAmerica

I bet realDonaldTrump won't talk about this at his next Klan rally

who's next?

But will the farmers vote differently?

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Trump tariff exclusion process possibly tainted by 'improper influence' - Business InsiderThe Department of Commerce has come under repeated fire for an opaque tariff exemption process that some say favors larger companies. Would be par for the course. I expect nothing less than tainted with unfair influence. Remember the fireworks donor who got left out of tariffs?
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