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How Trump’s Trade War Costs Farmers

"It is a punch in the gut." President Trump's trade war with China is heating up — and farmers are paying the price.

Bracing for deeper pain from his trade fight with China

China has stopped buying U.S. farm products — a retaliation against President Trump’s plan to put new tariffs on $300 billion of Chinese goods. Now, this is costing American farmers. Trump's move is the latest escalation in an ongoing trade war, which started in July 2018. An official of China's top economic planning body had insisted that Chinese companies have purchased millions of tons of soybeans, sorghum, wheat and other farm goods since the end of June, Trump's tweets to the contrary notwithstanding.

In 2017, China bought $19.5 billion in U.S. farm products — that dropped by more than half, to $9.1 billion, in 2018 based on data from the USDA. Soybean farmers have been especially hit because China is their biggest customer — buying 60% of U.S. soybean exports in 2018 according to the U.S. Census. In May, the Trump administration announced a $16 billion aid package for farmers and Trump promised more after Beijing’s announcement. Speaking to state media, Cong Liang, secretary-general at the National Development and Reform Commission, was responding to Trump's complaint that China has reneged on its pledge to buy from U.S. farmers. Some 2.27 million tons of American soybeans were shipped to China from the end of June to the end of July, according to Cong. Another 2 million tons are to be loaded this month, he said.

Despite no trade deal, most farmer still back Trump. His overall approval rating among farmers is at 79% as of July 2019 based on a published report from the Farm Journal Pulse survey. As President Trump maps out his re-election bid, farmers in this battleground state are backing him even with the U.S. Farm Belt bracing for deeper pain from his trade fight with China. The U.S. and China are set to continue trade negotiations in September 2019.

Brut.

08/20/2019 6:00 PM
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169 comments

  • Brut
    08/20/2019 18:14

    The future of our civilization is... underground? That's this organization's message, as they take farming beneath the surface. 🌿�47

  • Judy L.
    08/20/2019 18:25

    But they love their Orange Cheeto God. I find it hard to have any sympathy for their hateful intolerant agenda.

  • Richard E.
    08/20/2019 18:30

    EVERYTHING THAT IS GOING ON IN THE WORLD TODAY IS ALL LEADING TO ONE INEVITABLE CONCLUSION. ALL PROBLEMS TEND TO COME TOGETHER FOR THAT DAY OF DESTRUCTION.

  • Patty D.
    08/20/2019 18:34

    But but China is paying for the tariffs just like Mexico is paying for the wall 😂😂

  • Forrest C.
    08/20/2019 18:34

    Fake news, Trump is subsidizing the farmers! You know, like they do tobacco!!! Fake news strikes again.

  • David M.
    08/20/2019 18:34

    Culpa de quién?..

  • Mary A.
    08/20/2019 18:37

    Shut up

  • Bob C.
    08/20/2019 18:38

    $26 billion in welfare, why not support him ?

  • Thomas E.
    08/20/2019 18:43

    one solution is to stop growing soybeans.

  • Kevin R.
    08/20/2019 18:45

    Simple solution; don't vote for Trump in 2020. FYI - https://fivethirtyeight.com/features/what-if-tariffs-cost-trump-the-farm-vote/

  • Elma D.
    08/20/2019 18:48

    Take the money you socislists! You voted for him didn't you!🤭🥰

  • Lana L.
    08/20/2019 19:12

    And WE the consumer will pay

  • Alex A.
    08/20/2019 19:24

    Taxation without representation

  • The M.
    08/20/2019 19:26

    Let a moron run the country and this is the result.

  • Mel O.
    08/20/2019 19:39

    trump is trying to balance the multi- trillion dollar deficit by tariffs. Paid for by American consumers and NOT by the chinese.

  • Stella L.
    08/20/2019 19:47

    China don’t like it because they have been ripping us off for years and not one President except Trump put the screws to them

  • Wally S.
    08/20/2019 19:52

    Maybe they wont vote for trump next time

  • Saeeda B.
    08/20/2019 20:03

    It might bring the era of economic depression to USA.

  • Desirae D.
    08/20/2019 20:36

    You can tell these farmers voted for Trump by how calm they are. Awww...

  • Barbara C.
    08/20/2019 21:03

    This nut won't stop until he's ruined everything!