,
3 tweets,
1 min read
Read on Twitter
HIS THREAD CONTAINS ECONOMIC MISINFORMATION AND DEVASTATING POLICY IDEAS
• pre-Trump Trade War, US goods exports to China were $130 Billion, then add SERVICES
• He would buy equivalent of $20+ Billion of farm products (US exports to China) and dump them on world markets
...
• pre-Trump Trade War, US goods exports to China were $130 Billion, then add SERVICES
• He would buy equivalent of $20+ Billion of farm products (US exports to China) and dump them on world markets
...
These new federal subsidies would be massively expensive.
Trump’s new farm dumping program would devastate farmers in poor countries and hurt those in allies (Australia, Canada, ...)
...and is 100% WTO illegal
...and would lead to Global Trade War, not just Trump-China
Trump’s new farm dumping program would devastate farmers in poor countries and hurt those in allies (Australia, Canada, ...)
...and is 100% WTO illegal
...and would lead to Global Trade War, not just Trump-China
Furthermore, a lot of the farm products previously exported to China (eg, $14 Billion per year of soybeans) cannot simply be re-purposed for human food consumption in famine-stricken countries.
Right now, the soybeans sold to China are used to feed livestock, not people.
Right now, the soybeans sold to China are used to feed livestock, not people.
