According to WaPo, Trump’s base should be in their bunkers just about now:
According to multiple reports, people in agricultural communities are on edge over President Trump’s trade war with China. Now that China has retaliated against Trump’s tariffs by announcing its own tariffs on more than 100 American products, fears of a serious escalation are becoming more real by the moment, with stocks sliding and companies registering their objections over Trump’s actions to the White House.
New data supplied to me by the Brookings Institution show that agricultural communities are right to worry about what’s happening. But that’s not all: The data also show that other targeted industries should be worried as well. And it reveals that those who are vulnerable to negative impacts from these trade tensions are mostly concentrated in counties carried by Trump, though a lot of them are in counties carried by Hillary Clinton as well.
Makes me wonder if the Chinese are deliberately selecting Trump’s base as a target, or if the nature of the trade is such that Trump’s base would get his regardless. Interestingly, MPR mentioned tonight that we run a trade surplus in terms of agricultural goods with China. No more? That’s not so clear, as the MPR report suggests:
“If there’s going to be retaliation by [China], the odds are pretty high that it’s going to impact agricultural products,” said [Agricultural banker Kent] Thiesse.
Thiesse said that’s because the U.S. has a trade surplus with China for agricultural goods overall. So it’s not surprising China would target that sector for reprisals. But China’s demand for U.S. farm commodities also gives him hope that the two sides can reach a deal.
Thiesse, who works for MinnStar Bank in Lake Crystal, said since American farmers help feed the Asian nation, any reduction in that supply could be a problem for China.
“Are they going to be able to find enough soybeans in the next twelve months in the rest of the world to fulfill their needs if they aren’t buying as many from the U.S.,” said Thiesse.
Soybean producers are hoping that’s what will happen.
In any case, I’m sure the Chinese will be delighted to cause more turmoil in what used to be the most influential nation in the world; an ever-weaker President will, no doubt, aid their plans to supplant us in that regard.