Comments by "shary K" (@Sharyk808) on "ABC World News Tonight Full Broadcast - Sept. 15, 2024" video.
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Satan Dufus loss the 2018-2019 tariffs wars he initiated with many countries.smfh. Retaliation tariffs caused BILLION$ for importer and exporter. Who passed the increase cost to their customers and finally we the people are going to stores buying over billions of imported products and goods. This is where higher prices started. The “great negotiator”, actually “The Loser” loss the trade war with China. American agricultural losses the farms. Trump awarded the sector tens of billions of dollars in federal subsidies. From $12 billion 2017,almost $27-$30 billion raising each year to $92 billion 2020.👀
“US exports are estimated to have declined by $32 billion, costing industries some $2.4 billion per month in lost exports. As a result, companies had lower profit margins, cut wages and jobs, and increase prices.
Regarding agricultural products, US exports dropped by $27-$30 billion between mid-2018 and the end of 2019. The main commodities affected were soybean, sorghum and pork. Farmers lost a very profitable market in China calculated at $24 billion.During the 115th and 116th Congressional Hearings in 2018 and 2019 respectively, American soybean farmers testified to rising debts, increased costs of production and declining farm incomes in the industry. In July 2019, a representative in the Committee on Small Business US Congressional Hearing discussed how the number of bankruptcies filed by farmers in 2018 was the highest in over a decade. These Congressional discussions on the economic downturns paved the way for the Family Farmer Relief Act, passed into law on August 23, 2019; the Family Farmer Relief Act gives family farmers greater protection in bankruptcy proceedings.”
https://www.piie.com/blogs/realtime-economics/2022/china-bought-none-extra-200-billion-us-exports-trumps-trade-deal
https://gjia.georgetown.edu/2022/10/26/policies-and-politics-effects-on-us-china-soybean-trade/
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