File it under, ‘This oughta be interesting’
The Liar in Chief flies to Iowa today, to LIE to the farmers of Iowa, where his idiotic tariffs against China have been met with retaliatory tariffs on soybeans and pork, among other items, and his FOXSheep believing base is getting seriously hurt.
Just remember farmers, ‘Trade wars are GOOD, and EASY to win’, according to your glorious leader.
AND, things can get MUCH worse, if China begins to manipulate it’s currency (EASY to do) and/or starts to mess with US T-bills, by stopping their ‘buys’, and/or beginning to ‘sell’.
They could easily cause havoc on the US financial system, cuz they are the largest BY FAR, owners/buyers of US debt.
But don’t worry morons, the Orange Clown, with his YUUUUGE experience in world finance has it all under control. HA HA!
President Donald Trump is flying toIowa this week in a bid to calm frantic farmers scrambling with the devastating financial fallout of his trade war with China and other countries, the Des Moines Register reported.
The price of American soybeans has already dropped some 20 percent since Trump levied import tariffs on steel and aluminum, triggering retaliatory penalties from China on soybeans, pork and other crops, the newspaper noted. China was the largest buyer in the world of U.S. soybean exports, but now purchases have all but vanished, the head of a major international soybean processor told Bloomberg earlier this year.
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