As a six time bankrupted, failed businessman Trump obviously doesn't have a very good grasp of how basic economis works. Perhap's Wharton School just let him slip through the cracks and gave him that economics degree just to get rid of him.
Who knows?
After all, one of his instructors (William T. Kelly) did say once of Trump "Donald Trump was the dumbest goddamn student I ever had."
Hmmm.....
Maybe that explains it?
At any rate he doesn't seem very qualified to lead this nation. He ran on "groceries," remember?
He promised Americans during the campaign that he could "lower grocery prices on day one."
Then he didn't, which leads to only one logical conclusion. Either he lied through his teeth...or he didn't know what the hell he was even talking about.
But now consumers who have already been struggling with high prices despite Joe Biden's monumental progress in turning Trump's disatrous Covid-19 economy around, are about to be hit HARD in the wallet by Trumpflation as a result of his boneheaded tariffs.
But the worst is yet to come.
Later this year when farmers all over the country begin harvesting their corn and soybeans the overseas markets they have historically counted on to sell them in is going to be non existent.
Many farmers will be driven to bankruptcy.
So tell me.....
HOW are these boneheaded, incompetent policies "making America GREAT again?"
“
Uneasy, I think, is a word,” said Sen. Jerry Moran (R-Kan.).
They and dozens of other GOP lawmakers represent states with major agriculture industries that are among the first targets of trade retaliation from Ottawa and Mexico City. The Canadian government has already disclosed more than $20 billion worth of U.S. goods it plans to slap with higher tariffs, including food products such as poultry, beef, fish and yogurt. The fallout for ag producers, a traditionally conservative-leaning industry, will be severe. And it’s prompting Republicans in those states to take on an uncomfortable position in the party right now — questioning, albeit quietly, a major plank of Trump’s agenda.
The agriculture industry lost $26 billion from retaliatory tariffs in 2018 and 2019 — the first time Trump launched a trade war — according to the Agriculture Department, with soybean, sorghum and pork producers facing the biggest losses. While USDA stepped in with billions in direct payments to farmers to help them weather the fallout, that funding may be harder to access in Trump’s second term, as the administration seeks to cut federal spending.
ag.ny.gov
