98
US farmers back Trump but face pain from China tariff threats
(www.reuters.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 08 Nov 2024
98 points (98.0% liked)
News
23409 readers
3141 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
China likely to reciprocate against the tariffs, why? They only hurt us, and help them. Placing Tariffs in the other direction makes their prices rise in their country, that doesn't help them. They keep more industries by keeping prices low
It hurts them because imports will fall and that's how they make money.
It will just hurt Americans far more.
I suppose if the product in unnecessary, that would make sense. Required imports would stay selling at same prices until manufacturing plants elsewhere could be built for cheap enough to not just pay the tariffs. : /
Nothing except market manipulation
It does help them if they think retaliation will pressure the initial levier (the U.S.) to scale back their tariff schedule. It hasn't worked out like that but that's the theory. Also, China isn't as subject to popular pressure as western democracies. Yes, I agree with you, trade wars are wasteful, harmful, and just a bad idea overall.
China just usually buys its agriculture from friendlier countries without making a big fuss about "making China great again" public display. It does occasionally issue explicit bans against countries acting stupid, though. Brazil certainly feels confident to plant much more.
They did in 2018. Turns out they import lots of soybean and other foods from the US.
Someone used to tell me one of the largest exports of Panama City Beach when I lived there was mulch. They would ship it to China for fuel apparently. Never would have thought about a smaller town shipping trees half a world away... Talk about inefficient.
Wait till you hear about the farming that happens in Phoenix and then shipped to China.