Like Senator Tom “Lando” Cotton has proclaimed, farmers (corporate or otherwise) must sacrifice themselves like the military because they are “Great Patriot Farmers” and at least they won’t be losing their lives in needless wars.
Tom Cotton: US farmers are facing ‘pretty minimal’ sacrifices in trade war because they aren’t being killed
“It's a win-win: we get to pay tariffs on consumer goods AND our taxes can subsidize American farms“
The long-running trade dispute between the US and China escalated on Friday after Trump raised tariffs on $200m of Chinese goods from 10% to 25%. China retaliated on Monday with tariffs on $60bn of US imports, precipitating a dive on the US stock markets.
American farmers are likely to feel the pain first. Soybean exports to China collapsed last year when the trade war began, and agricultural exports will be hit harder when, or if, the new tariffs are imposed. Farmers are also suffering from extensive flooding that has delayed planting.
“The sentiment out in farm country is getting grimmer by the day,” said John Heisdorffer, the chairman of the American Soybean Association. “Our patience is waning, our finances are suffering and the stress from months of living with the consequences of these tariffs is mounting.”
The new round of tariffs will hit other parts of the US food industry with beans, lentils, honey, flour, corn and oats all on the list of goods that will be taxed.
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