Fed-Up Farmer’s Message To Trump:

Regular Member Posts : 7317 Join date : 2014-07-29

Fed-Up Farmer’s Message To Trump:

The former county chair for the Republican Party in Shelby County, Ohio says he’s done with President Donald Trump due to the trade war with China.

“I’m not going to vote for the president, and I’m on record as saying that,” Christopher Gibbs, who’s also a soybean farmer that backed Trump in 2016, told CNBC on Monday.

Gibbs said he doesn’t believe Trump’s claims he made a deal for China to buy up to $50 billion in U.S. agriculture given that the president made similar claims before that have never materialized, including claims of deals with Mexico and the European Union.

Indeed, Treasury Secretary Steven Mnuchin admitted that the deal with China announced by Trump wasn’t actually a deal quite yet.

“There are still some issues that need to be worked out in wording,” Mnuchin said, per The Hill. “But I would say we have every expectation that phase one will close.”

Gibbs said Trump’s previous broken promises make him “dubious” of any new claims of a deal. And in any case, Gibbs ― who has 560 acres of farmland in Shelby County ― said he was done with Trump even if there was a deal:

“It doesn’t matter what he comes up with now. He could come up with this $50 billion, he could walk across my pond and not get wet, and I’m still not going to vote for him because, you know, at the end of the day my name is Chris Gibbs, it’s not Judas, and I’m not going to sell my political moorings for 30 pieces of silver. So no ― I’m out.”

Subject: Re: Fed-Up Farmer’s Message To Trump: Wed Oct 16, 2019 10:48 pm

Regular Member Posts : 7317 Join date : 2014-07-29

China trade war could give foreign farmers long-term edge over U.S.

China trade war has already brought about changes in global supply chains that could have lasting effects on the American economy, particularly in the agricultural sector.

The prolonged U.S.–China tariffs are exacerbating the harms to American farmers wrought by both other trade conflicts and the U.S. withdrawal from the Trans-Pacific Partnership.
Foreign food producers are now likely to benefit at the expense of their U.S. counterparts, who have struggled to shift former Chinese exports to other markets.

Australia, New Zealand, Brazil, Canada, the EU and other agricultural producers have all seen their exports to China grow while those of the U.S. have declined.

Brazil's share of China's $38 billion soy import market shot up to 76% in 2018,
while the U.S.' fell from 35% to 19%.

Brazil has also taken up 15% of the $2 billion pork market, as the U.S. has dropped from 15% to 6%.

Ukraine has capitalized on the trade war to increase its share of China’s $790 million corn market from 61% to 81% through 2018.
The U.S. share is down to 9%, from 17%.

Canada, Kazakhstan and Russia gained on China's $780 million in wheat imports at the expense of the U.S., whose market share fell from 38% to 14%.

The U.S. never made up the market share in beef exports it lost to Argentina, Brazil and Australia after a 2003 trade scuffle.
Its share dropped from 69% in 2002 to 1% in 2018.

In the current conflict, China has turned to Brazil for most of its soybean imports, establishing new supplier relationships and incurring other transition costs that will keep Brazil's soybeans competitive even if U.S.–China tariffs are relaxed.

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