U.S. Exports Climb To New Record

China is leveraged out the wazoo and capital flight is really taking off so the trade war there won't last more than 90 days without serious brain drain to mostly Canada.
 
CNBC news
Senate agriculture panel passes farm bill with hemp legalization
  • The Senate Agriculture Committee on Wednesday passed the 2018 farm bill in a 20-1 vote despite an attempt to tighten farmer subsidies.
  • Sen. Chuck Grassley, R-Iowa, cast the sole "no" vote, because his amendment to limit subsidy payments wasn't added to the proposed bill.
  • The farm bill includes hemp legalization legislation that is backed by Senate Majority Leader Mitch McConnell, R-Ky.
  • McConnell made a case during Wednesday's agriculture panel meeting for supporting the hemp legalization.
Jeff Daniels | @jeffdanielsca
Published 2:58 PM ET Wed, 13 June 2018 Updated 10:18 PM ET Thu, 14 June 2018
 
CNBC news
Senate agriculture panel passes farm bill with hemp legalization
  • The Senate Agriculture Committee on Wednesday passed the 2018 farm bill in a 20-1 vote despite an attempt to tighten farmer subsidies.
  • Sen. Chuck Grassley, R-Iowa, cast the sole "no" vote, because his amendment to limit subsidy payments wasn't added to the proposed bill.
  • The farm bill includes hemp legalization legislation that is backed by Senate Majority Leader Mitch McConnell, R-Ky.
  • McConnell made a case during Wednesday's agriculture panel meeting for supporting the hemp legalization.
Jeff Daniels | @jeffdanielsca
Published 2:58 PM ET Wed, 13 June 2018 Updated 10:18 PM ET Thu, 14 June 2018
/-------/ Hemp legislation is long overdue.
Environmental and Economic Benefits of Hemp
The potential of hemp for paper production is enormous. According to the U.S. Dept. of Agriculture, one acre of hemp can produce 4 times more paper than one acre of trees! All types of paper products can be produced from hemp: newsprint, computer paper, stationary, cardboard, envelopes, toilet paper, even tampons.

FACT: THERE IS NO TREE OR PLANT SPECIES ON EARTH CAPABLE OF PRODUCING AS MUCH PAPER PER ACRE AS HEMP! HEMP IS NUMBER ONE!

Paper production from hemp would eliminate the need to chop down BILLIONS of trees! MILLIONS of acres of forests and huge areas of wildlife habitat could be preserved.
 
China is leveraged out the wazoo and capital flight is really taking off so the trade war there won't last more than 90 days without serious brain drain to mostly Canada.
The US will not win the trade war because there are no real winners. It won't create jobs. It'll raise prices, and it will have a potential impact on our export business. Trump's isolationist trade policy does not take into account that every trade barrier created by the US creates an equal an opposite reaction by our trading partners, which is also what American lawmakers ignored during the Great Depression.

If you went down Wall Street today and asked who is not adversely effected by tariffs on Chinese imports, Mexican imports, Canada imports, and UK imports, all which are putting tariffs on US exports. The answer would be none.
 
China is leveraged out the wazoo and capital flight is really taking off so the trade war there won't last more than 90 days without serious brain drain to mostly Canada.
The US will not win the trade war because there are no real winners. It won't create jobs. It'll raise prices, and it will have a potential impact on our export business. Trump's isolationist trade policy does not take into account that every trade barrier created by the US creates an equal an opposite reaction by our trading partners, which is also what American lawmakers ignored during the Great Depression.

If you went down Wall Street today and asked who is not adversely effected by tariffs on Chinese imports, Mexican imports, Canada imports, and UK imports, all which are putting tariffs on US exports. The answer would be none.
/——/ Have any new tariffs been put in place yet or is the President bargaining from a position of strength?
 
agricultural futures are collapsing? really?
China raised tariffs on American farm products. They need about 400 billion in tariffs to get their attention.
Total Chinese exports are about 2.3 trillion dollars.
Chinese exports to the US is approximate 500 billion or about 21% of China's total exports. Will China loose 500 billion in US business? Of course not, economist estimate the loss will be less than 2% to 3%. US retailers and manufactures will continue to buy at near the same rate from China paying the tariffs because they will have little choice. For the most part, suppliers in the US simply don't exist. Building new plants and retooling operation to meet a demand that could disappear overnight in trade negotiation isn't going to happen.

On the other side of the coin, China, Canada, Mexico, and the EU have said they are or planning to put tariffs on as much 850 billion dollars in US exports in retaliation to new US trade barriers being erected by US.
 
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Conservatives think the world didn't exist
before Trump.
/—-/ Sure we do. It’s called the Era of Reagan.
And here I thought you opposed amnesty and tripling the debt
/——/ I do and I also oppose trusting democRATs who are nothing more than backstabbing, lying weasels who double crossed Reagan.
 
China is leveraged out the wazoo and capital flight is really taking off so the trade war there won't last more than 90 days without serious brain drain to mostly Canada.
The US will not win the trade war because there are no real winners. It won't create jobs. It'll raise prices, and it will have a potential impact on our export business. Trump's isolationist trade policy does not take into account that every trade barrier created by the US creates an equal an opposite reaction by our trading partners, which is also what American lawmakers ignored during the Great Depression.

If you went down Wall Street today and asked who is not adversely effected by tariffs on Chinese imports, Mexican imports, Canada imports, and UK imports, all which are putting tariffs on US exports. The answer would be none.

At an estimated 4 GDPs of debt in China I find your argument implausible.
 
China is leveraged out the wazoo and capital flight is really taking off so the trade war there won't last more than 90 days without serious brain drain to mostly Canada.
The US will not win the trade war because there are no real winners. It won't create jobs. It'll raise prices, and it will have a potential impact on our export business. Trump's isolationist trade policy does not take into account that every trade barrier created by the US creates an equal an opposite reaction by our trading partners, which is also what American lawmakers ignored during the Great Depression.

If you went down Wall Street today and asked who is not adversely effected by tariffs on Chinese imports, Mexican imports, Canada imports, and UK imports, all which are putting tariffs on US exports. The answer would be none.

At an estimated 4 GDPs of debt in China I find your argument implausible.
This is not a zero sum game. The most efficient producers are penalizes by tariffs and less efficient are rewarded. For example steel and aluminium producers in China that are producing better products for the price are hurting less efficient producers in the US so we penalize the Chinese producers with tariffs and thus reward the US producers. China responds by putting tariffs on US soybean producers , know the world over for high quality beans, at low prices thus penalizing US soybean producers and in so doing rewards Chinese producers who produce an inferior produce for the price. It's classic government inference in the free markets and everybody loses in long run.
 
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China is leveraged out the wazoo and capital flight is really taking off so the trade war there won't last more than 90 days without serious brain drain to mostly Canada.
The US will not win the trade war because there are no real winners. It won't create jobs. It'll raise prices, and it will have a potential impact on our export business. Trump's isolationist trade policy does not take into account that every trade barrier created by the US creates an equal an opposite reaction by our trading partners, which is also what American lawmakers ignored during the Great Depression.

If you went down Wall Street today and asked who is not adversely effected by tariffs on Chinese imports, Mexican imports, Canada imports, and UK imports, all which are putting tariffs on US exports. The answer would be none.

At an estimated 4 GDPs of debt in China I find your argument implausible.
This is not a zero sum game. The most efficient producers are penalizes by tariffs and less efficient are rewarded. For example steel and aluminium producers in China that are producing better products for the price are hurting less efficient producers in the US so we penalize the Chinese producers with tariffs and thus reward the US producers. China responds by putting tariffs on US soybean producers , know the world over for high quality beans, at low prices thus penalizing US soybean producers and in so doing rewards Chinese producers who produce an inferior produce for the price. It's classic government inference in the free markets and everybody loses in long run.

Getting capital for nothing and import restrictions and tariffs for free is efficient?
 

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