Trade

Trump Asks Americans to Bail Out The Farmers He’s Screwing. Again.

JM Ashby
Written by JM Ashby

Trump has already asked American taxpayers to bail out farmers harmed by his trade war by ordering the Department of Agriculture to distribute billions in aid.

For his next act, Trump will ask American consumers to bail out farmers harmed by his trade war now that he's dramatically escalating it.

Trump tweeted this morning that he will use proceeds from this tariffs to purchase crops grown by American farmers.

Trump said on Twitter on Friday that the U.S. will use its money from the tariffs to buy American agricultural products “in larger amounts than China ever did” and send it to “poor & starving countries” for humanitarian aid. The president indicated potential purchases of $15 billion from farmers. Soybean and grain futures held mostly steady after the announcements.

“In the meantime we will continue to negotiate with China in the hopes that they do not again try to redo deal!” Trump said on Twitter. “Our farmers will do better, faster and starving nations can now be helped.”

You can count me at least a little bit skeptical that this will actually happen, but let's be clear on what this means.

American consumers will pay for Trump's tariffs in the form of higher prices and the revenue generated by raising prices will be redistributed to farmers who are struggling because of the tariffs.

This is a feedback loop; a uroboros of Trumpism.

If the Trump regime goes through with this, it seems likely to me that whatever the federal government purchases will end up benefiting large agribusiness companies, not small-time farmers who have suffered the most.

Maybe we should call this a bailout for commodity traders, not farmers.

  • David Greenberg

    Republicans have successfully fought off spending appropriate amounts for education to the point at which millions of people have been left ignorant and without the ability to think critically. This is one of very few republican successes and ranks along with their ability to smear Democrats. Visiting in GB with relatives where trump is known as “porky boy”. Not because he is a fat pig, but because porkies are lies . GBers have been deceived by the same kind of people who have given us trump and they are finally beginning to understand what a cluster fuck Brexit is. Thinking British are hoping for a new referendum.

    • Christopher Foxx

      Nothing has changed much in GB. Thinking British were opposed to the first one and their view on Brexit hasn’t changed. Those who were taken in are largely still in favor of it, the idiots remain idiots.

  • muselet

    Precious few of Donald Trump’s tweets make even superficial sense, and these are pure gibberish.

    No farmer should get excited about Trump’s latest Rube Goldberg—or Heath Robinson, delete according to taste—scheme. It’s not meant to help farmers; it’s meant to keep his supporters on board.

    –alopecia

  • Aynwrong

    This is asinine.