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Here's some back of the napkin math on China deal: China agrees to buy $50B of ag products next year, increase of $29B from pre-tariff trade. Tariffs cost U.S. farmers $11B. Then taxpayers put up $28B in emergency ag payouts. So...we lost/spent $39B. Gained $29B. Nice work!
Yes, it's a lot more complicated than that. For instance: - Trump tariffs are broader than ag sector - Trump isn't ending all tariffs, meaning we keep losing jobs in other sectors - subsides and lost imports are a little apples/oranges
But it's a bad deal no matter how you score it. Devil will be in the details of the text, but the pain Trump inflicted on American workers and consumers does not appear to come close to the relatively minor concessions he got from China. FYI some data:https://www.factcheck.org/2019/10/trump-wrong-on-u-s-agriculture-exports-to-china/ …
Looks like the GOP is using that common core math.
Gotta spend money to make money Chris lol
C’mon! We can’t even get on the same page as Gun Reform- hell we even fight ourselves. We have a criminal in office, and stupid everywhere else.
Sounds like a typical Trump business deal.
Until that 50B is real, I don't believe a word of this "deal."
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