Trump still hasn't figured out tariffs are a tax on consumers

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The pro-tariff forces are beginning their push to replace federal income tax with tariffs.



But they aren’t all on the same page about how tariffs will “really” work.





[Cao has been mentioned as possibly one of Hegseth’s deputies at Defense]
 
nycfan said:
www.nytimes.com

U.S. Farmers Brace for New Trump Trade Wars Amid Tariff Threats

Despite their concerns, some farm operators still support the former president and prefer his overall economic plan.
www.nytimes.com www.nytimes.com

U.S. Farmers Brace for New Trump Trade Wars Amid Tariff Threats​

Despite their concerns, some farm operators still support the former president and prefer his overall economic plan.

"...As president, Mr. Trump imposed tariffs in 2018 and 2019 on $300 billion of Chinese imports, a punishment he wielded in order to get China to negotiate a trade deal with the United States. His action triggered a trade war between Washington and Beijing, with China slapping retaliatory tariffs on American products. It also shifted more of its soybean purchases to Brazil and Argentina, hurting U.S. soybean farmers who had long relied on the Chinese market.

When Mr. Trump finally announced a limited trade deal in 2019, American farmers were frazzled and subsisting on subsidies that the Trump administration had handed out to keep them afloat.

Now it could happen all over again.

... Mr. Trump remains popular in rural America, and voters such as Mr. Bowman say they are weighing a variety of factors as they consider whom to vote for.

...American agricultural groups, bracing for the worst, have been warning against the kinds of tariffs that Mr. Trump envisions.

China is the biggest market for U.S. soybean exports and a major buyer of corn. A study published this month, commissioned by the American Soybean Association and the National Corn Growers Association, found that a new trade war with China could cause U.S. soybean and corn exports to China to drop once again.

If China retaliated with a 60 percent tariff on U.S. corn, soybeans and soybean products, American soybean and corn growers could lose as much as $7.3 billion in combined annual production value. ...

The trade war with China, which lasted from 2018 to 2019, resulted in billions of dollars of lost revenue for American farmers. To help offset the losses, Mr. Trump handed out $23 billion in subsidies from a fund that the Department of Agriculture created to stabilize the farm sector. But that attempt to mitigate the damage was not viewed as a total success. Large farm operations and farmers in the south benefited the most, fueling concerns about fairness and leaving some farmers feeling cheated.

A second trade war could once again require Mr. Trump to compensate farmers — a reality that could complicate his stated plan to use tariff revenue to replace tax revenue. ..."
Click to expand...
Of course the Trump farmer base is pulling for tariffs. They know they will just get bailed out. Why would you ever work when the government gives you free money not to?

Isn't that the anti-welfare queen thing we are supposed to saying? Maybe some Republicans can help me with the messaging on it as I am new to this...
 
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