Chinese buyers booked at least 10 cargoes of Argentine soybeans after Buenos Aires scrapped grain export taxes, three traders said on Tuesday, dealing another setback to U.S. farmers already shut out of their top market and hit by low prices.
Chinese buyers booked at least 10 cargoes of Argentine soybeans after Buenos Aires scrapped grain export taxes, three traders said on Tuesday, dealing another setback to U.S. farmers already shut out of their top market and hit by low prices.
In Trump’s last term, farmers were bailed out with some nice cash infustions. They figured that in his second term, Trump would bail them again with some sweet sweet cash and that’s what they thought they voted for. They were wrong.
If I remember correctly, Trump’s last term made cash payouts to farmers because … wait for it … China wasn’t buying crops from the US (particularly soybeans) in response to the tariffs imposed by Trump’s first administration.
So I guess they weren’t entirely wrong with that “he’ll do it again” mentality.
So they voted for welfare for themselves basically. That’s MAGA for you.
Except that project 2025 does talk about scrapping a lot of farmer subsidies, insurance and safety nets.