Attorney general taps top Connecticut federal prosecutor for review of Trump-Russia inquiry Kevin Johnson, USA TODAY Published 10:28 p.m. ET May 13, 2019 | Updated 3:20 p.m. ET May 14, 2019 Attorney general taps top Connecticut federal prosecutor for review of Trump-Russia inquiry excerpt: "WASHINGTON – Attorney General William Barr tapped Connecticut's chief federal prosecutor, John Durham, to assist in an investigation into the origins of the Russia inquiry and the FBI's surveillance activities, a person familiar with the matter said Monday."
Trump once again is mistakenly thinking that his tariffs are taking in money from China when in fact it is coming mainly from U.S. consumers who have to pay extra. Trump: We're In A Great Position On China Tariffs And It Will Only Get Better Posted By Tim Hains On Date May 13, 2019 Trump: We're In A Great Position On China Tariffs And It Will Only Get Better excerpt: "We're taking in hundreds of millions of dollars. We're taking in billions of dollars of tariffs, and those tariffs are going to be tremendously, if you look at what we've done thus far with China, we've never taken in ten cents until I got elected. Now we're taking in billions of billions. It went up Friday substantially. It's 25% on $200 billion. Now it's 25% on $250 billion. In addition to that, we have another $325 billion we can do if we decide to do it."
Trump's trade talk is a full of misinformation, experts say AP May 13, 2019 / 12:32 PM Trump's trade talk is a full of misinformation, experts say excerpt: "Trump: "Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products. These massive payments go directly to the Treasury of the U.S." — tweet Friday. Trending News The facts: This is not how tariffs work. China is not writing a check to the U.S. Treasury. The tariffs are paid by American companies, which usually pass the cost on to consumers through higher prices. One of the theories is that the higher prices will encourage consumers to instead buy goods made in the U.S. or elsewhere. But the risk is that consumers could simply respond by spending less than they otherwise would, which would hurt growth."
Trump brags about what are essentially taxes that he placed on U.S. consumers: Trump tweet 12:08 PM - May 5, 2019: "For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday."
Trump's failed US-China trade talks have American soybean farmers drowning in tariffs G. William Hoagland, Opinion contributor Published 6:00 a.m. ET May 14, 2019 Trump's failed US-China trade talks have American soybean farmers drowning in tariffs excerpt: "First, the trade war has done nothing to reduce the trade imbalance with China. The imbalance between our export in goods to China versus our imports created a trade deficit of more than $375 billion in 2017. Even after the tariff war escalated last year, the trade deficit with China still increased to nearly $420 billion in 2018, a 12% increase in one year. Second, agriculture and farm families in the bread basket states have borne the brunt of the trade war.
Trump's failed US-China trade talks have American soybean farmers drowning in tariffs G. William Hoagland, Opinion contributor Published 6:00 a.m. ET May 14, 2019 Trump's failed US-China trade talks have American soybean farmers drowning in tariffs excerpts: "It comes as no surprise, then, that the value of soybeans exported to China from America dropped from $14 billion in 2016 to more than $12 billion in 2017. Even more disconcerting and astonishing, the value of soybean exports dropped almost 75% in 2018 to only $3.1 billion. In terms of a hit to individual farmers, the price of a bushel of soybeans has dropped more than 20% from a peak of about $10.50 per bushel in the summer before the tariffs were proposed last year, to a low of $8."" "Put it all together, and the picture for farmers is bleak. Even with a one-time $12 billion government dole to farmers, prompted back in the summer of 2018 by the administration’s political concerns over the tariffs’ impact in the heartland, net farm income dropped from $75 billion in 2017 to $63 billion in 2018. That's a far fall from a net farm income of $123 billion in 2013."
Farmers wash up 'in a fragile place' after historic Midwest floods By April Simpson April 30, 2019 Farmers wash up 'in a fragile place' after historic Midwest floods excerpt: "Many farmers have persisted over five years of low commodity prices, further strained by the Trump administration's trade tariffs. Meanwhile, net farm income has fallen nearly 50 percent from its peak in 2013, U.S. Department of Agriculture Secretary Sonny Perdue said in written testimony to the U.S. House Committee on Agriculture in late February, weeks before the flooding. Farm debt has risen more rapidly over the past five years, increasing by nearly a third since 2013 to levels last seen during the 1980s, according to Perdue's testimony."
Hello from the farm . We've had a cool and wet spring , um , which will apparently end tomorrow . Yes , the weather this season has been different from last year's less cool and wet and also from the previous year's almost ideal . Back in 2013 there were some regional drought conditions which caused the soybean prices to spike , and of course they seemed to tumble in the following years . Last year was an exceptionally large harvest . Egger is scrambled .
I believe this is the third investigation into the investigation, and another is due from Congressional Republicans.
GOP senators raise alarms, criticize Trump as U.S.-China trade war heats up By Damian Paletta, Erica Werner and Taylor Telford May 14 at 8:20 PM https://www.washingtonpost.com/busi...989555e7766_story.html?utm_term=.fdf291addca5 excerpt: "Trump last year directed the U.S. Department of Agriculture to spend $12 billion on programs to help American farmers affected by the trade war, and White House officials are now working with GOP leaders to find a way to extend an additional $15 billion. Officials are considering an expansion of bailout funds from the Commodity Credit Corp., a division of the USDA that was created in the 1930s. Trump used that program to help farmers last year, but there are limits to how much money it can borrow from the Treasury Department, and it could require congressional approval to allocate more funds."
this totally reminds me of the bailout. The big one... what was it? I did a report on it. The 700 Billion I think. I have a book in the other room but the number actually grew after the book was written anyway. does this mean we end up paying so that the President can have a trade war? EDIT: found the book. it was 700.
Trump is looking for talking points for his visits to cities like Pittsburgh. He hasn't learned the lesson that G.W. Bush learned about steel tariffs after imposing them in 2002. Trump credits tariffs for rebuilding US steel industry By Morgan Gstalter 05/14/19 07:29 AM EDT Trump credits tariffs for rebuilding US steel industry excerpt: "More than 12,700 jobs have been created or saved at steel and aluminum factories since the president implemented his tariff strategy last year, according to The Washington Post. U.S. consumers and businesses, however, are paying more than $900,000 a year for every job saved or created by Trump’s steel tariffs, according to calculations obtained by the Post from the Peterson Institute for International Economics. That is reportedly more than 13 times the typical salary of a steelworker, according to the Labor Department. Trump imposed tariffs on steel and aluminum imports and $250 billion on imports from China in 2018."
Lessons from the 2002 Bush Steel Tariffs Erica York March 12, 2018 Lessons from the 2002 Bush Steel Tariffs | Tax Foundation excerpt: "In 2002, the George W. Bush Administration placed tariffs on imports of certain steel products in an attempt to protect the domestic U.S. steel industry from foreign dumping. The failure of these tariffs to work as designed and the economic harm they caused provide a foreboding tale of what we should expect to see result from the Trump Administration’s new tariffs on steel and aluminum. A research paper titled “The Unintended Consequences of U.S. Steel Import Tariffs: A Quantification of the Impact During 2002” found that in 2002, more American workers lost their jobs due to higher steel prices than the total number employed by the U.S. steel industry itself."
We all know that trump is crazy like a fox and suffers from narcissistic delusional personality disorder but at least up to now he hasn’t done anything that can’t be reversed. He proven himself to be a failed diplomat with his dealings with North Korea, a failed great deal maker with his tariffs on China which has only hurt US businesses (which they pass onto the public) He failed to get his wall built, He hasn’t introduced a healthcare plan, and with the release of the Mueller Report a failed moral leader and possibly even a criminal. OK he’s a bug and needs to be voted out of office in two years, but now he’s out to prove he’s a great military leader and strategist by going to war with Iran which will likely kill thousands of US troops Someone please get the man a straitjacket
The insane have always run the asylum, which is why no one has ever documented the existence of common sense anywhere in the world. Jackie Onassis said before she married him that JFK was just insane enough to become the next president. Insanity is for losers, just ask our president and the pharmaceutical companies, Wall Street, and few other people.
I saw a report on the news about coal mining in west Virginia. Contrary to what trump says, the industry is dead. They interviewed a guy who has coal mining running thru his veins, but he has left coal mining, and is working in the renewable energy industry.
Oh... i thought that much of our electricity was coal powered. I may have an excerpt about it on Kindle for PC. I will check...