I haven't been able to find a complete list, but so far I've seen 25% on pork (Iowa) and aluminum scrap and 15% on 120 other commodities, including soybeans, fruits and nuts. I haven't seen anything about coal but I know China's our biggest customer for it. And then there's petroleum.
Bad news for all those farmers, and maybe miners and drillers out in Trumpland, good news for blue state meat and produce consumers after they get over the shock of Walmart's wanting more for toasters, toys and bathroom rugs.
Is anyone at all surprised? Did anyone really think the Chinese were just going to sit back and take it?John Q. Public wrote:QR_BBPOST I have a feeling Donald's tariffs just backfired on him bigly. Yugely.
Did that help or hurt the economy in 1930?
Percentage of our crop involved is 3% for nuts, 6% for fruit, 5% for wine and 9% for puerco. All of those are considerable when you draw out the cost to retail and when you consider that any negative growth in an industry hurts. China's tariffs go into effect today (not sure if that includes goods in transit), ours go into effect in either 30 or 60 days depending on who you ask, what day it is, what the weather's like and what Faux-N-Friends has to say.
Next on Don's list are tech and intellectual properties.
http://money.cnn.com/2018/03/23/news/ec ... wine-pork/
Only liberals work in those industries..John Q. Public wrote:QR_BBPOST Percentage of our crop involved is 3% for nuts, 6% for fruit, 5% for wine and 9% for puerco. All of those are considerable when you draw out the cost to retail and when you consider that any negative growth in an industry hurts
China slaps 179% charge on US sorghum imports
Squeezing the sorghum trade could also hurt America's rural economy -- particularly in states like Kansas -- where President Donald Trump has a lot of support.Other states that produce sorghum include; Texas, Arkansas, Nebraska, Colorado, Oklahoma, South Dakota, Missouri, Mississippi, and Louisiana.
I'm sure it's a coincidence those are states won by Trump.
It's been reported that several ships bound for China made u-turns when the tariffs were announced.
Someone forgot to tell the president those who import American ag products have options.
Thanks. I agree.Professor Fate wrote:QR_BBPOST Yeah, I'm sure he thought they had no options.
Barriers to procuring product from a different source are often the lack of a good distribution network, which can drive the landed price higher. Once these networks are established in an effort to avoid buying from the US, the cost of that distribution drops and new habits are formed. If this goes on for long, I predict that the US will never regain the market share it once had with China.
They were more concerned about her emails.
In other words, Not4u's post wasn't about Hillary, Trump voters or even just soybean farmers. It's about 128 commodities that China can just as easily buy from somewhere else and the effect on the American economy if it does.
His post was about the big-picture, long-term effects of a trade war; yours was about people who are less enlightened than you are. Again, it was so far from his point it was damn near off topic.
No, the significant point is how you twist every topic into one of your two or three hot buttons.Wabash wrote:The significant point is that China isn't going to care about any tariffs Trump enacts.