Trump defends China tariffs and claims ‘great patriot farmers’ will reap benefits

Trump promises new deal with China can be reached soon after Chinese retaliation prompted huge stock market sell-off

Donald Trump continued to defend his trade war with China on Tuesday, claiming great patriot farmers in the US would benefit from tariff increases that triggered sell-offs in stock markets across the world.


Recommended PRODUCTS
  • Step-by-step to go from beginner to professional judgement recovery status.
  • 1 Best Selling Survival Privacy Product
  • Are you frustrated that your expensive karoke player does not let you play.
  • How to protect your loved ones from Multiple out-Of-Control assailants.
  • The Best RSS Autoblog Tool For Blogger Blogspot Blog.
  • A certification course provides a certification as a hypnosist coach.
  • ApeSurvival is all about survival and self-defense products, tips and news.
  • Discover How To Add 20lbs To Your Bench Press, 15lbs To Deadlift, And 20lbs To Your Squat In 3 Months
  • Learn 8 tips on how to dramatically increase your intelligence fast.
  • The stunning secret of turning your wife on with the push of a button.
  • Learn about the solar systems largest planet jupiter predict great red spot transit times
  • Enjoy Stress Relief and the Health Benefits of Meditation. Free Demo.
  • Helps You To Lose Weight In Just Four Weeks Without Strict Dieting And Exercise.
  • The Web's best resource for Ivy League applicants.
  • Protect Your Family with Parental Controls Download Internet Filter Now
  • Clickbank Ads
     

    In a series of tweets, Trump promised a new deal with China would be reached soon and made a case for how farmers would benefit from a tariff increase that many of them oppose.

    If China stops buying American farm products because of tariffs, Trump said, farmers will be compensated. This money will come from the massive tariffs being paid to the United States for allowing China, and others, to do business with us. The farmers have been forgotten for many years. Their time is now!

    The long-running trade dispute between the US and China escalated on Friday after Trump raised tariffs on $200m of Chinese goods from 10% to 25%. China retaliated on Monday with tariffs on $60bn of US imports, precipitating a dive on the US stock markets.

    American farmers are likely to feel the pain first. Soybean exports to China collapsed last year when the trade war began, and agricultural exports will be hit harder when, or if, the new tariffs are imposed. Farmers are also suffering from extensive flooding that has delayed planting.

    The sentiment out in farm country is getting grimmer by the day, said John Heisdorffer, the chairman of the American Soybean Association. Our patience is waning, our finances are suffering and the stress from months of living with the consequences of these tariffs is mounting.

    The new round of tariffs will hit other parts of the US food industry, with beans, lentils, honey, flour, corn and oats all on the list of goods that will be taxed.

    Despite the mounting economic threat and escalating tensions, Trump was optimistic about reaching a deal with China.

    When the time is right we will make a deal with China, Trump tweeted. It will all happen, and much faster than people think!

    Trumps position has divided Republicans, especially those in agricultural districts who fear the retaliatory tariffs will burden farmers, agricultural businesses and consumers.

    The presidents supporters claim short-term economic pain will have positive long-term consequences.

    The Republican senator Chuck Grassley, who represents Iowa, a state heavily reliant on agriculture, has called for a quick resolution to the dispute. Americans understand the need to hold China accountable, but they also need to know that the administration understands the economic pain they would feel in a prolonged trade war, Grassley said in a statement.

    Original Article : HERE ; This post was curated & posted using : RealSpecific

     


    RELATED PRODUCTS
  • Are you frustrated that your expensive karoke player does not let you play.
  • Step-by-step to go from beginner to professional judgement recovery status.
  • 1 Best Selling Survival Privacy Product
  • How to protect your loved ones from Multiple out-Of-Control assailants.
  • Make Money Online With This Pre-Loaded Wordpress eBook Store.
  • A certification course provides a certification as a hypnosist coach.
  • Learn the secrets of turmeric that the medical industry doesn't want you to know about.
  • 1 dirty little yoga secret that often leads women to injury, stress and even weight gain
  • The scientifically proven way of adding inches of real height at any age.
  • ApeSurvival is all about survival and self-defense products, tips and news.
  • The stunning secret of turning your wife on with the push of a button.
  • Quickly cure your acid reflux and enjoy permanent freedom from heartburn
  • Learn How To Attract the Man of Your Dreams And Receive A Marriage Proposal In Few Months
  • Learn how you can easily create mobile apps to generate passive income.
  • College Admission Services For Ivy League Applicants.
  • Clickbank Ads
     

    Thank you for taking the time to read our article.

    If you enjoyed our content, we'd really appreciate some "love" with a share or two.

    And ... Don't forget to have fun!

    Recommended

    Auto Affiliate Machine 2.0 - Downsell 4

    Auto Affiliate Machine 2.0 - Downsell 4

    ThemeMaker Unlimited Personal Licence

    ThemeMarker by ProStyler allows you to create your own completely custom WordPress themes without ever messing about with code

    VisualReel - Advantage

    VisualReel Advantage is a visual content builder with Advantage features. It lets you create and share Cinemagraphs, Memes and Quote-Pictures using its massive library of 1000s of videos and images.

    Leave a Reply