China agrees to buy $50B of ag products next year, increase of $29B from pre-tariff trade.
Tariffs cost U.S. farmers $11B. Then taxpayers put up $28B in emergency ag payouts.
So...we lost/spent $39B. Gained $29B.
Nice work!
- Trump tariffs are broader than ag sector
- Trump isn't ending all tariffs, meaning we keep losing jobs in other sectors
- subsides and lost imports are a little apples/oranges
FYI some data:
factcheck.org/2019/10/trump-…