Trump is a FAILED business man. 7 bankruptcies. 3000+ law suits. $1 billion in losses in the 1980's. He plays a rich successful billionaire on TV. That doesn't mean he is one.
Look at the mess he's made with his trade wars. 7 trade wars all at the same time. How do you fight wars on 7 different fronts at the same time? Badly. His trade war with China was supposed to be "easy to win", but so far the American farmers have lost. Big Time.
2018 saw the highest number of farm bankruptcies in American history because of Trump's trade wars. That record was broken in 2019. It's the small family farms that are going under. The farms where the farmer lives on the land, and is a good environmental steward of the land. These farms are being snapped up by factory farm corporations, many of them foreign owned. They don't live on the land. It's just a balance sheet asset, which produces revenue.
Trump's "interim agreement" with the Chinese requires increase exports to 2017 levels (pre-tarrifs), by 2022. So having destroyed their markets with his tariiffs, Trump gave the Chinese another 2 years to get back to where they started. 5 years of economic pain to get back to where they were 5 years ago. How many small farmers will be left by then?
How much is Trump being paid to destroy the small business in America? McDonalds and Pizza Huts aren't closing. The independent family owned restaurants are the ones who are closing. They don't have the resources to re-open on 25% of capacity. They were netting 15% of sales, with 100% capacity. The rent, utitilities and supplies didn't go down by 75%. Unless they're able to achieve pretty close to 100% of sales via take-out, they're losing money.
When the economy emerges from this pandemic, once again the bailouts will go to big businesses and corporations. The small independent operators will be bankrupt, and the big guys will pick up more business. The small independent retailers were forced to closed. The big chains simply go on.
en.wikipedia.org
www.businessinsider.com
