Trump’s new tariffs—10% across the board plus duties on 60 countries—threaten U.S. farmers already strained by high inflation, rising loan rates, and falling crop prices.
Unlike 2018, today’s farm economy offers less cushion, with depleted bailout funds and federal budget constraints limiting relief.
While herbicides and fertilizers are exempt, farmers fear retaliatory tariffs and export losses.
Farm groups and lawmakers urge moderation, prompting USDA to launch new trade initiatives. Still, widespread USDA staff cuts and uncertain support leave many farmers anxious, risking political fallout in key red states.
I wonder who he will blame when this implodes. It was Hillary! Biden! Obama! The Illuminati! The Liberal Elite! The media! My father for never hugging me as a child! Oh shit... forget I said that last one...
Trump won’t back down and this time it was purely this administration. I predict Congress will move to unwind it by addressing the national emergency after damage is done but before total disaster. He’ll then blame the democrats who helped create a supermajority for not letting him finish the job, but the real story is Republicans finally reining him in. That or the US economy is a molten crater by the end of summer.
Congress won't rein him in because they know Trump has an army of brown shirts who attacked Congress once already, and who owes Trump their freedom. Those J6 chuckleheads can openly attack Republicans with insufficient loyalty, and Trump will probably just pardon them again.
This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always “late,” but he could now change his image, and quickly. Energy prices are down, Interest Rates are down, Inflation is down, even Eggs are down 69%, and Jobs are UP, all within two months - A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!