Quote:
Originally Posted by VitaMan
Trump administration now considers $ 10 billion to bail out soybean farmers for damage done by Trump tariffs.
This doesn't mention any assistance for all the businesses shut down and job losses because of the Trump tariffs. Not to mention many US ports now only operate at 65% capacity.
Trump tariffs seem to lead to a lot of unintended consequences.
|
Give this one a read, rates are not anyhwere near 65%, some are down, some are up, ports also serve as "rental/storage" spaces and that has been declining simply due to rent rates going through the roof. Ports decided to cash in on the 2020 panic manuver of over order everything and store it. So companies seem to be moving product to less costly storage locations.
Here's another one to browse, some farmers, going back generations now, are what we call "Insurance farmers" They've been taking government subsidies for decades, meaning 10-20% of their income is gubment cheese. When your business model means you expand rapidly using taxpayer money, you should really make sure the model can survive without that.
https://usafacts.org/articles/federa...hat-data-says/
50% of the crop is exported, 20% is paid for by the taxpayers, 30% is sold domestic. I feel for them, but let's also recognize the size and scale of the "farmers" here.