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arizona1

08/11/19 12:24 AM

#322278 RE: ForReal #322276

A bit hysterical, in my opinion.

Tell that to CNBC

‘Trump is ruining our markets’: Struggling farmers are losing a huge customer to the trade war — China

U.S. farmers lost their fourth largest customer this week after China officially cancelled all purchases of U.S. agricultural products, a retaliatory move following President Donald Trump’s pledge to slap 10% tariffs on $300 billion of Chinese imports.

China’s exit piles on to a devastating year for farmers, who’ve struggled through record flooding and droughts that destroyed crop yields, and trade war escalations that have lowered prices and profits this year.

“It’s really, really getting bad out here,” Bob Kuylen, a farmer of 35 years in North Dakota, told CNBC.

“There’s no incentive to keep farming, except that I’ve invested everything I have in farming, and it’s hard to walk away.”
https://www.cnbc.com/2019/08/10/trump-is-ruining-our-markets-farmers-lose-a-huge-customer-to-trade-war----china.html