Trump to give agriculture companies $28 billion bailout to undo tariff damage:
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Date: April 15th, 2025 11:10 AM Author: rambunctious theatre
Gotta love that corporate welfare to Big Ag!
Donald J. Trump
@realDonaldTrump
Our farmers are GREAT, but because of their GREATNESS, they are always put on the Front Line with our adversaries, such as China, whenever there is a Trade negotiation or, in this case, a Trade War. The same thing happened in my First Term. China was brutal to our Farmers, I these Patriots to just hold on, and a great trade deal was made. I rewarded our farmers with a payment of $28 Billion Dollars, all through the China deal. It was a great transaction for the USA, until Crooked Joe Biden came in and didn’t enforce it. China largely reneged on the deal (although they behaved during the Trump Administration), only buying a portion of what they agreed to buy. They had ZERO respect for the Crooked Biden Administration, and who can blame them for that? Interestingly, they just reneged on the big Boeing deal, saying that they will “not take possession” of fully committed to aircraft. The USA will PROTECT OUR FARMERS!!!
(http://www.autoadmit.com/thread.php?thread_id=5710874&forum_id=2#48849049) |
Date: April 15th, 2025 11:30 AM Author: narrow-minded racy keepsake machete
that's what they always tell you in Econ 100: you optimize the trade policies and use distribution to help out the domestic losers.
that's what Ross Perot said that the US wouldn't do as it shifted to helping China, joining WTO, entering NAFTA, etc.
that's why Gore, Clinton, and Bush promised they'd do -- but did not do -- when they sold out the US working class for the benefit of GC.
(http://www.autoadmit.com/thread.php?thread_id=5710874&forum_id=2#48849118) |
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Date: April 15th, 2025 11:33 AM Author: rambunctious theatre
Wtf no. In econ 101 they teach you that it would be better to remove all trade barriers and tax the economic surplus from removing them to redistribute to the losers (workers, not corporations like Trump is doing). You have it ass backwards. This was literally one of the first lessons in my econ 101 class freshman year and it blew my mind at the time.
Did you even take econ 101?
https://budgetmodel.wharton.upenn.edu/issues/2025/4/10/economic-effects-of-president-trumps-tariffs
Tariffs are estimated to raise about the same amount of revenue as increasing the corporate income tax from 21 to 36 percent, in the absence of these recent tariffs. While raising the corporate tax rate is generally seen as highly economically distorting, tariffs would reduce GDP and wages by more than twice as much. All households, regardless of age or income, would be worse off. The estimated economic declines are likely lower bounds, with actual declines potentially even larger.
(http://www.autoadmit.com/thread.php?thread_id=5710874&forum_id=2#48849123) |
Date: April 15th, 2025 12:00 PM Author: heady address newt
*creates trade war*
*cancels trade war within a day*
*bails out american companies impacted*
*claims to have won*
(http://www.autoadmit.com/thread.php?thread_id=5710874&forum_id=2#48849234) |
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