Your Economy (No Politics)

[arizona1]

Trump's trade war escalates: China has ended all purchases of U.S. agricultural products
https://www.cnbc.com/2019/08/05/china-confirms-it-is-suspending-agricultural-product-purchases-in-response-to-trumps-new-tariffs.html

The farmers Donald Trump is trying to buy off with hurriedly enacted new subsidies are going to need a lot more subsidies after this: China has announced it has ended its purchases of U.S. agricultural products completely in response to Trump's announced new $300 billion in tariffs.

First and foremost, this is a potential economic crisis in the making—at least for American farmers, who have already been struggling in tough market conditions. But it's also a complete unraveling of Trump's previous claim that he had negotiated a brilliant new deal in which China would purchase more U.S. farm products, not less.

No worries, though: Since Trump is a habitual liar on all fronts, nobody believed him to begin with.

https://www.dailykos.com/stories/2019/8/7/1877243/-Trump-s-trade-war-escalates-China-has-ended-all-purchases-of-U-S-agricultural-products