Post #28223 by commonone on the US Policy board

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UpNorthJoe: ...the main victims of Trump’s trade wars had been farmers...

And Orange Jesus rained money on them in subsidies. Billions.

So Americans paid twice: once on higher prices of imported goods and a second time through government handouts.

Direct farm aid has climbed each year of Trump’s presidency, from $11.5 billion in 2017 to more than $32 billion this year — an all-time high, with potentially far more funding still to come in 2020, amounting to about two-thirds of the cost of the entire Department of Housing and Urban Development and more than the Agriculture Department’s $24 billion discretionary budget...

The bulk of the money in election year 2020 went to big farms in swing states, plus Texas and Georgia.

Are there more than a couple of sycophantic Trump-leaning economists who actually believe -- and can support with data -- that across the board tariffs are effective or good for the economy?

No.

https://www.nytimes.com/2020/10/12/us/politics/tru...

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