trade war | WOSU Radio

trade war

Most farmers haven't had a good year since President Trump took office and his policies on trade, immigration and ethanol are part of the problem. Yet farmers, who broadly supported Trump in 2016 are largely sticking with him as the impeachment inquiry moves forward. And if they did abandon him, it may not matter.

Farmer Luke Ulrich says he works at least 12 hours a day, almost every day, tending his crops and cattle near Baldwin City, Kan.

Updated at 5:06 p.m. ET

President Trump announced Thursday that the United States will impose a new 10% tariff on $300 billion worth of products imported from China, saying Beijing had broken some of the promises it made in trade negotiations.

The new tariffs, which are set to take effect Sept. 1, represent another ratcheting up in trade tensions between the countries and sent stocks falling sharply.

If you're caught in a trade war, it's good to be a farmer.

Lots of American companies have lost sales since the Trump administration and China embarked on the current cycle of tariff-raising and retaliation. Few, if any, have been compensated as handsomely as farmers.

Wikipedia

Chinese buyers can purchase soybeans from U.S. and South American producers for about the same price—even with retaliatory tariffs placed on American beans. So why are U.S. sales lagging behind?

U.S. Department of Agriculture / Flickr

The Trump administration announced last week that it will provide $12 billion in aid to farmers negatively impacted by his administration’s tariffs. U.S. farmers exporting their products to China and other nations have seen a loss of business after the cost of U.S. agriculture imports have risen.

Governor John Kasich criticized Trump’s plan to bailout farmers impacted by the White House’s tariffs. He said it’s “terrible, terrible policy,” because the bailout adds to the nation’s deficit. 

Political Junkie Ken Rudin

Apr 10, 2018
L Alleb Brewer / Flickr

President Trump has condemned the suspected chemical weapons attack that killed several people in Syria, calling it a "barbaric act." He has said that he will make a decision about a potential military response within the next two days. Russia and Syria have denied any responsibility for the attack. 

We'll also look at the Mueller investigation, a potential trade war with China, and more with the Political Junkie, Ken Rudin.

Looming Trade War with China

Apr 4, 2018
D. Myles Cullen / Flickr

On Monday, China retaliated against President Trump's steel and aluminum tariffs with a few of their own. The Chinese government put in place a 25 percent tariff on pork products and a 15 percent tariff on agricultural products such as fruit and wine. After the White House announced more tariffs, China responded with proposed tariffs on U.S. imports in 106 categories including soybeans, a multi-billion dollar industry in Ohio.

Consequences of New Trump Tariffs

Mar 8, 2018
skeeze / Pixabay

President Trump has proposed sweeping new tariffs on imported steel and aluminum in a bid to lessen foreign influence on the United States. Many economists and presidential advisors warn these tariffs could negatively impact American companies if other countries fight back with sanctions of their own. 

Join us today as we discuss President Trump’s decision and the impact it could have on United States and global markets.