Economics Thread
- Thread starter sturg33
- Start date
Someone tell those darn Dems to quit breaking all the systems that Trump needs to deliver us our awesome inflation numbers.
Hey now, they clearly just wanted to make sure he got an appropriate sentence from a liberal judge.
acesfull86
Well-known member
https://reason.com/2025/12/10/trump...biden-was-president-heres-what-the-data-show/
China will begin purchasing American soybeans again, press secretary Karoline Leavitt told Newsmax on Tuesday. That's something, she claimed, that "China wasn't doing under the last administration because they had no respect for President [Joe] Biden or for the country at the time."
…
Since 2017, America has exported more than 22 million metric tons of soybeans to China in every year except two. Those years? The first was 2018, when China cut off purchases of American soybeans in response to Trump's tariffs targeting American imports of Chinese goods. The second was this year, when China did the same thing in response to another set of tariffs imposed by the Trump administration.
In short, it is plainly untrue that China was not buying American soybeans during the Biden administration. During those four years, America consistently exported more than 26 million metric tons of soybeans to China.
In comparison, the deal that Trump recently struck with Chinese President Xi Jinping calls for China to purchase at least 12 million metric tons of soybeans annually. Yes, that means the deal Trump has hailed as "tremendous" would result in American farmers selling less than half as many soybeans as they did during the Biden years.
China will begin purchasing American soybeans again, press secretary Karoline Leavitt told Newsmax on Tuesday. That's something, she claimed, that "China wasn't doing under the last administration because they had no respect for President [Joe] Biden or for the country at the time."
…
Since 2017, America has exported more than 22 million metric tons of soybeans to China in every year except two. Those years? The first was 2018, when China cut off purchases of American soybeans in response to Trump's tariffs targeting American imports of Chinese goods. The second was this year, when China did the same thing in response to another set of tariffs imposed by the Trump administration.
In short, it is plainly untrue that China was not buying American soybeans during the Biden administration. During those four years, America consistently exported more than 26 million metric tons of soybeans to China.
In comparison, the deal that Trump recently struck with Chinese President Xi Jinping calls for China to purchase at least 12 million metric tons of soybeans annually. Yes, that means the deal Trump has hailed as "tremendous" would result in American farmers selling less than half as many soybeans as they did during the Biden years.
Tapate50
Well-known member
There’s a problem in farming right now-
We have out technologied the worlds ability to buy. Everything’s too complicated.
Cotton pickers @ 1.27M and you can’t work on them without a whole computer set up from the dealer. Gone are the days of a 20 year old tractor and fixing it yourself.
Your standard harvesting tractor is 290-385k
The payments on all that is crazy even though it’s GATE purchased.
There arent but a few nations in the world that can buy a peanut for what it costs to produce.
We have out technologied the worlds ability to buy. Everything’s too complicated.
Cotton pickers @ 1.27M and you can’t work on them without a whole computer set up from the dealer. Gone are the days of a 20 year old tractor and fixing it yourself.
Your standard harvesting tractor is 290-385k
The payments on all that is crazy even though it’s GATE purchased.
There arent but a few nations in the world that can buy a peanut for what it costs to produce.
zitothebrave
Connoisseur of Minors
Gee - I wonder how this is happening despite almost twenty years worth of “we need to build more to reduce prices”. Mass deportations is a panacea for almost all of our ills.
Nobody cares a one time purchase is 5% huger when their monthly housing is down over 10-20%.
Just wait till PE starts unloading their inventory.
This coupled with gas. The plan is all coming together and it all started with thr BBB.
sturg33
I
What are your thoughts on Trump trading Nvidia chips to China in exchange for soybeans?
I’ve always said I don’t like everything Trump does. Expecting a politician to do 100% of what I want is not the bar I set.
So far on the whole it’s been an amazing administration. Benefits are rolling in.
Tapate50
Well-known member
I actually posed this question to this board the first few months I wandered over here and was met with jeers from the mostly liberal part of the board. It seemed like a fair and honest question as most just posed on letting govt balance “inequities” themselves.
sturg33
I
It seems you have a habit of looking over catastrophic decisions as marginal and then celebrating marginal decisions as amazing
Corporate layoffs are higher than the great recession.
He's doing farmer bailouts due to tarrifs like he had to do the first time
Americans are spending more money on goods and receiving less goods
Inflation remains high
Deficits are all time high
The economy sucks
None or his policies have been put into law
If his policies are all about crippling China, and AI and robotics are what will save us, trading our one advantage (chips) for soybeans to bail out China is catastrophic