Thread for obviously newsworthy stuff

[Broken_Erika]

https://twitter.com/pitpony2011/status/1002630850163421184

A model of a man

Silvio Berlusconi Agrees!
Bunga! Bunga!

[Ming]

How do you make it through a day? Man you are some kind of stupid.

And you have just come to this conclusion...

[Wezil]

How do you make it through a day? Man you are some kind of stupid.

[Wezil]

Just some farmers opinion, not based on any calculation of potential loss.

""Here's this harm we're inflicting on ourselves. I feel like I should be able to do something about it. And I can't," said Hurst, who is also the president of the Missouri Farm Bureau. "

http://www.cbc.ca/news/world/nafta-corn-farmer-missouri-trump-1.4406520

Would you like some lotion for that burn? It's still tariff free afaik.

[Proteus_MST]

DP ... dunno why

[Proteus_MST]

https://twitter.com/pitpony2011/status/1002630850163421184

A model of a man

[Kidlicious]

For the USD to be dropped something has to be able to take over and I don't see that.

[rah]

That's the real fear. If we can't just print money when we need it, the long term effect would be devastating.

[Aeson]

Probably individual Americans will feel the hurt more by the import tariffs that increase the price of imports, than by the retaliatory tarriffs. We run a massive trade deficit after all, and have a glorious history of agricultural subsidies and paying farmers to not grow stuff. So the losses in exports will be socialized, spread around enough to dilute and obscure the effect.

If the USD ends up being dropped as world reserve currency then the trade deficit would hurt a lot more.

[Kidlicious]

Yeah, but Kid knows better than those actually affected. Like this Missouri farmer -

http://www.cbc.ca/news/world/trump-s...lies-1.4686734

Just some farmers opinion, not based on any calculation of potential loss.

[Uncle Sparky]

Trump will give all the surplus food to his new North Korean friends...

[Kidlicious]

The farmers in the affected states will have fewer people buying their crops forcing them to sell at lower prices, slashing their income.

But that's the point of comparing total production to what sales might be lost. It's insignificant.

[Kidlicious]

Maybe they aren't even able to sell their whole produce, possibly forcing them to use it as expensive animal feed or let it rot in the Silos
(especially theUS corn farmers come to my mind, which predominately seem to produce for export to mexico ... and may be doomed if mexico enacts punitive tariffs on corn (and mexican food producers get their corn from southern america instead of the USA))

No. They will sell everything. It's a world market.

[Proteus_MST]

The farmers in the affected states will have fewer people buying their crops forcing them to sell at lower prices, slashing their income.

Maybe they aren't even able to sell their whole produce, possibly forcing them to use it as expensive animal feed or let it rot in the Silos
(especially theUS corn farmers come to my mind, which predominately seem to produce for export to mexico ... and may be doomed if mexico enacts punitive tariffs on corn (and mexican food producers get their corn from southern america instead of the USA))

[Wezil]

Yeah, but Kid knows better than those actually affected. Like this Missouri farmer -

http://www.cbc.ca/news/world/trump-steel-tariffs-canada-u-s-allies-1.4686734