Posted by Mary Catherine Dunphy (+2654) 4 months ago
More bad new from Trump. Just like any war, imposing tariffs and causing a trade war is not a good thing. And, I have always felt that Trump will bankrupt this country just like he bankrupted his various casinos. Even Speaker of the House, Paul Ryan, is disagrees with this latest Trump policy.

Tariffs didn't work out too well for the United States back in 1930 when President Hoover imposed them. Many believe The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), otherwise known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, made the Great Depression worse.

https://en.wikipedia.org/...Tariff_Act

Read more:

"Trump Says He Won’t Back Down After Ryan Breaks With Him on Tariffs" by Anna Edgarton, Bloomberg, March 5, 2018

https://www.bloomberg.com...l-aluminum

"Auto Industry Reacts to Trump's Proposed Steel and Aluminum Tariffs: The Proposed Tariffs Have Not Only Upset the Rest of the World but Many in the U.S. As Well" by JUSTIN HUGHES, thedrive.comj, March 5, 2018.

http://www.thedrive.com/n...um-tariffs

"Republicans 'Extremely Worried' by Trump's Metal Tariffs Plan" BBC News, March 5, 2018

http://www.bbc.com/news/w...a-43290969

"The Trump Tariffs Will Cost Americans Jobs" by Veronique de Rugy, New York Times, March 5, 2018

https://www.nytimes.com/2...-jobs.html
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Posted by Mary Catherine Dunphy (+2654) 4 months ago
"Trump Authorizes Tariffs in Defiance of Allies at Home and Abroad" by Peter Baker and Ana Swanson, New York Times, March 8, 2018

https://www.nytimes.com/2...ement.html
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Posted by The man from snowy plains (-154) 4 months ago
https://www.reuters.com/article/us-china-usa-trade/china-says-it-will-make-necessary-response-in-event-of-trade-war-idUSKCN1GK09C
Trumps Tariffs are worth a try, Canada and Mexico are excluded. What ever it takes to bring jobs back to America.
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supporter
Posted by Gunnar Emilsson (+11652) 4 months ago
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+4
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Posted by Bridgier (+8038) 4 months ago
What kind of 'jobs' do you think are coming back snowy?
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+2
Posted by The man from snowy plains (-154) 4 months ago
https://mobile.nytimes.com/2018/03/09/business/economy/jobs-report.html

Mineral extraction for one..USA RIG count is up for natural gas. Still OPEC controls oil. But even OPEC has limits to controlling costs.
Getting rid of Dodd-Frank is going too free up of money for housing and start-up companies. Heck we might see a rise in cars made in the USA.
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Posted by Steve Sullivan (+799) 4 months ago
And without the EPA watching, because it's been reigned in, we'll have environmental devastation, and another financial meltdown if Dodd Frank is repealed. Oh joy!
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+4
Posted by Mary Catherine Dunphy (+2654) 4 months ago
Today (March 22, 2018) the stock market was down 700+ points on the news of Trump's imposition of $60 billion of new tariffs against China.

http://www.bbc.com/news/b...s-43494001

Get ready to pay a lot more for anything made in China!

Here is Jim Cramer's take on the matter:

https://www.msn.com/en-us...ailsignout
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Posted by tom regan (+475) 4 months ago
China is placing a 25% tariff on pork and 15% tariff on some other product. How long till tariffs are expanded to beef? The recent trade deal between Montana beef growers and China could be in jeopardy. Thanks, Trump.

http://billingsgazette.co...5d561.html

[Edited by tom regan (3/23/2018 1:06:02 PM)]
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+1
Posted by Mary Catherine Dunphy (+2654) 4 months ago
"Responding to Trump, China Plans New Tariffs on U.S. Goods" by Chris Buckley and Sui-Lee Wee, New York Times, March 22, 2018

https://www.nytimes.com/2...riffs.html

Here's what one reader named Steve wrote in response:

"Trump's actions will effect every American as we have to pay for the price increases caused by tariffs. The only positive is that China's retaliation will hit the heart of Trump country. Maybe loss of jobs and revenue will wake them up. Doubt it."

Maybe some of the farmers and ranchers in Trump country are waking up now!

WAKE UP, AMERICA!
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Posted by The man from snowy plains (-154) 4 months ago
Nope MCD, none of my neighbors could care less. Beef prices are pretty much fluctuations of national herd size. If your not neck high with a bankers, cattle feed is usually a good fall back. The trick is make sure cattle doesn't get slippen through Canada or Mexico.

But hey your an example of over news and little knowledge.
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-3
supporter
Posted by Gunnar Emilsson (+11652) 4 months ago
Snowy, to use the phrase that my wife hates ("it shows that you are from Miles City!"), you are dumber than a box of rocks.
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Posted by Mary Catherine Dunphy (+2654) 3 months ago
"These Farmers Voted for Donald Trump. But Now They Fear a Trade War with China Will Ruin Them" by Andrew Buncombe, msn.com, March 27, 2018.

https://www.msn.com/en-us...ailsignout

If the farmers and ranchers get into trouble by Trump's tariffs policies, we all will be in trouble i.e., what will we eat?
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Posted by Mary Catherine Dunphy (+2654) 3 months ago
Well, Trump's trade war with China is getting worse. Now it's the soybean farmers, among others, who stand to lose.

"Beijing’s decision to impose steep 25 percent tariffs on 106 U.S. goods, impacting $50 billion in U.S. exports, comes one day after the Trump administration announced plans to target $50 billion in Chinese imports across a range of products.

“As the Chinese saying goes, it is only polite to reciprocate. The Chinese side will resort to the WTO dispute settlement mechanism and take corresponding measures of equal scale and strength against U.S. products in accordance with Chinese law,” a Ministry of Commerce statement read. “We hope that the U.S. side, with sense and long-term picture in mind, refrain from going further down the wrong path.”

Read more at:

https://thinkprogress.org...18e0f195c/

https://www.npr.org/2018/...ff-targets
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Posted by The man from snowy plains (-154) 3 months ago
WHAT BS. American farmers will just switch crops. Wbat you would not know from reading the LATEST NEWS. The agricultural sector has constant fluctuation ahhb dahh. Sometimes it is more $.Sometimes less $. Ya gotta be smart to be an Ag person and they are.
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supporter
Posted by Jeri Dalbec (+2497) 3 months ago
The Soybean Farmers that spoke on CNBC today are very concerned. The overseas markets are so important. They are very concerned about NAFTA. Hard working Ag people should not have to be penalized because of "Goofy" tweets and Game playing. Erratic behavior affects everyone. Think about it.
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+1
Posted by The man from snowy plains (-154) 3 months ago
YEAH the whole SOYBEAN thing was on CNN also. The least some of the Libtards could do is get their information from multiple sources.
I assure you any farmers worth his salt will survive just fine.
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Posted by Mary Catherine Dunphy (+2654) 3 months ago
It is being reported today (04-05-18) that Trump is once again escalating the trade war with China -- a trade war that Trump started and which has already escalated far enough!

"Trump Orders Officials to Look at $100 billion in new Chinese Tariffs" by Julia Manchester, The Hill, April 5, 2018

"President Trump announced Thursday [04-05-18] that he has directed officials in his administration to look at slapping $100 billion in additional tariffs on China, the latest move in an escalating trade dispute between Washington and Beijing.

Read more at:

http://thehill.com/homene...rid=192800

Stay tuned! And, keep those seat belts fastened!
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Posted by The man from snowy plains (-154) 3 months ago
Good, we don't need their cheep junk.
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Posted by Mary Catherine Dunphy (+2654) 3 months ago
Same news -- different source --

https://www.reuters.com/a...SKCN1HC1RW
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Posted by The man from snowy plains (-154) 3 months ago
What no Stormy stuff today. Your missing the CNN parade today MCD
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Posted by The man from snowy plains (-154) 3 months ago
A different source

http://money.cnn.com/2018/04/05/news/trump-tariff-china-trade-war/index.html
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Posted by nativemc (+355) 3 months ago
Snowy, glad to hear that it is just a matter of switching crops to make a living in Ag. I do believe that it is a bit harder than that. Not all land is suited for other types of operations, not all Ag producers just have enough money to switch. I am happy for you that you are worth your salt so could just change your farming and or ranching operations at the drop of a hat or the whim of a politician.
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+6
Posted by The man from snowy plains (-154) 3 months ago
Nativemc
Like I've said before. Don't let a banker run your operations. True some years are better than others.
Ag isn't if changes come along it is when. Markets always have fluctuation, And yea many times when political changes come about. Ya gotta do what ya gotta do.
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