Farm Crisis: Soybeans Crash To Decade-Low As Trade War Intensifies | WHAT REALLY HAPPENED


Farm Crisis: Soybeans Crash To Decade-Low As Trade War Intensifies

Soybean futures fell 25% in 50 weeks since the inception of President Trump's trade war early last summer.

CBOT Soybeans futures plunged to their lowest level in a decade as China on Monday said it would raise tariffs on $60 billion in US goods in retaliation for Trump's decision on Friday to raise duties on $200 billion in Chinese products to 25% from 10%. The deepening trade war has pushed American farmers onto the verge of disaster.

Webmaster's Commentary: 

These people, along with unemployed factory workers, were the essence of his base; he knew, in just what tone, and demeanor, to address their anger and ire about jobs leaving the US, and about farmers who couldn't get a fair deal on their crops.

Now that they believe they have been betrayed by the man they had hoped would save them, what is going to happen now in 2020?!

Unless he is able to get the tariffs stopped and soon, and staunch the economic blood-loss, leading to our farmers' collective financial ruin, he is going to lose this critical part of his base in the next election.

These are people who do not forget betrayal easily.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA