- cross-posted to:
- news@hexbear.net
- cross-posted to:
- news@hexbear.net
Australian beef has replaced U.S. supply in China since Donald Trump returned to the White House, funnelling hundreds of millions of dollars that have in previous years gone to the U.S. cattle industry into Australian pockets.
U.S. shipments to China, worth around $120 million a month, collapsed after Beijing in March allowed permits to expire at hundreds of American meat facilities and as Trump unleashed a tit-for-tat tariff war.
Other U.S. farm exports to China, the world’s biggest food importer, have also suffered since Trump retook power. On soybeans alone, U.S. farmers have lost out on shipments worth billions of dollars during the current harvest season.
Irrational decisions are only irrational to people who misunderstand the decider’s reasoning. The things you value more, they value less. Your value assessment is by definition wrong for everyone besides yourself. People don’t vote solely based on how they expect to be affected financially, even though that’s really the only assessment you can make that doesn’t fail immediately due to the quantification problem. Since people typically vote based on unquantifiables, why do you assume that your valuation of said unquantifiables is correct for everyone?