April 13, 2018


Trade war backfire: Steel tariff shrapnel hits U.S. farmers (Tom Polansek, P.J. Huffstutter, 4/13/18, Reuters) 

Throughout U.S. farm country, where Trump has enjoyed strong support, tariffs on steel and aluminum imports are boosting costs for equipment and infrastructure and causing some farmers and agricultural firms to scrap purchases and expansion plans, according to Reuters' interviews with farmers, manufacturers, construction firms and food shippers.

The impact of rising steel prices on agriculture illustrates the unintended and unpredictable consequences of aggressive protectionism in a global economy. And the blow comes as farmers fear a more direct hit from retaliatory tariffs threatened by China on crops such as sorghum and soybeans, the most valuable U.S. agricultural export.

It's a small price to pay for Donald's war on the Yellow Menace.

Posted by at April 13, 2018 3:40 AM


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