Posted by kansasredneck on April 18, 2018 at 05:56:45 from (38.140.136.58):
In Reply to: Re: Tariff Question posted by flying belgian on April 17, 2018 at 14:19:37:
Don Surber did a good job of covering this last week. http://donsurber.blogspot.com/2018/04/oh-hurt-us-some-more-china.html Basically,we have a trade imbalance with China to the tune of 365 Billion Dollars. That is $1 Billion a day that we spend in China that they in turn spend elsewhere. Put it in terms of the local Coop. If they sell you your seeds and fuel, then buy your grain, you should make a little money. Hopefully a lot of money. Suppose though that the price they charge you for the seed and fuel is greater than what they pay for your produce. Then suppose they "loan" you the money to make up the difference at a nice rate of only 2% or so. Would you last long farming that way? What it boils down to is this, If we got into a mega trade war with China, and a complete embargo was the result, we would win to the tune of $365 billion. We won the soybean war no matter what commie news tells us. Europe is now buying from US and paying more than China paid. President Trump didn't become a billionaire by making dumb deals. The guys who are career politicians who went to law school and never worked a day at a real job are the ones who made the dumb deals. Then they got people who had never worked a real job but looked good in front of a camera to sell the notion to us working class folks that it was the best deal out there.
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