It is hard to tell what he means tbh. It could read that he thinks farmers are going to randomly start growing (making) product that we can only purchase outside the US.
I think we can all just say he is basically clueless and this will not end well for all involved.
I know how retaliation works, his statement as written reads like we are putting Tarrifs on ourselves prior to exporting...e.g. we are charging our own farmers extra money if they want to ship product to other countries, regardless of whether said other country is putting Tarrifs on us
Devasting one two punch for farmers & consumers. Tariffs + Mass deportations. 42% of US farm workers are undocumented, & tariffs on agricultural imports will trigger retaliation, slashing farm exports. Trumps last trade war cost farmers $27B due to retaliatory tariffs. What will EU tariffs do
Brace for the economic shockwave: tariff wars, mass deportations, government purges, soaring debt, tax cuts for the wealthy, and the EU bypassing the U.S., redirecting trillions elsewhere. As global markets shift, America faces financial isolation and economic instability.
This plays into the hands if big AG. When small farmers go bankrupt, big AG will swoop in and buy those farms for pennies on the dollar. Either way, the American consumer is screwed. Meanwhile, Trump and Musk are funneling billions of YOUR TAX DOLLARS to their Crypto buds. Winning !!!
This is not like a TRUMP RALLY where “Trump rally-goers” who were paid to attend his boring rallies… They were basically walking out after 1-2 hours… accordingly to their contract!
Most CANDIDATES don’t have to pay for people to attend their rallies or for other services…
And they’ll take the money - again- and thank “daddy” with “tears” in their eyes because “he gets them” rather than realize he and maga are the cause of so much of their troubles
He is legitimately stupid and does not understand policy at all. His voters do not believe this because he was saved by competent people around him throughout his first administration. They are about to learn the hard way.
The U.S. exported 62.5 million metric tons of corn in 2024/25, with Mexico, Japan, and China as its top destinations. On average, the United States exports approximately 49% of its total soybean production, based on data from the past five years. Clearly cannot be replaced by domestic consumption.
Besides the fact that he clearly does not understand the growing seasons, etc. But does he believe that farmers can just "retool" and start growing other things at any given point in time?
I can't tell if he is trying to put farms out of business or thinks he is helping them.
Despite the prices of John Deere parts and equipment going up 25% from tariffs on stuff from Mexico where they've outsourced a big chunk of their production.
I didn't say it did. Of course there will be tariffs but that tells you the amount of product it ships across the southern border that will now get taxed at 25%. It's a LOT.
Is anyone on @cnbc.com ever going to grow a spine and actually call it as it is? Trump is single-handedly destroying the economy and stock market with his idiotic foreign/economic policies, the reckless incompetence of DOGE, and his growingly erratic behavior...and he's done it in less than 50 days
Pretty much they are in love with Trump. Especially Joe Kernan. I'm not an economist, but I understand business and economic theory and I read about this stuff. I also want lower taxes, but not so much that I would destroy our country
Note: @carlquintanilla.bsky.social has a spine and I appreciate him speaking up here - but don’t get the impression they’d ever let him share all this on air…
Farmers, I am sure you will be glad to pay 25% tariff on the potash you import from Canada to fertilize your crops. We only import 80% of the potash from Canada.
USDA estimates that U.S. farmers spent a total of $35.8 billion on fertilizers in 2023. “Potassium fertilizers would likely face the largest cost increase from tariffs given the large reliance on Canadian imports to meet total U.S. consumption
Trump must have failed every single economics class at Wharton. F’ing ignoramus. His favorite president is McKinley who loved tariffs. When in Congress in 1890, imposed such tariffs & it cost the Republicans 93 seats in the House & the Presidency. But stupid is as stupid does.
So what are they supposed to do with the rest? I'm guessing they make more than what would be required to feed the entire country soybeans and corn and almonds....and good luck with that Russian potash
Growing up when I asked my parents why farmers hated democrats they talked about Carter, the grain embargo and the farm crisis. It looks like Trump wants to take Carter’s place on that.
Farming communities overwhelmingly voted for Trump. Did any other "industry" vote 77% for Trump over Kamala? Not that I can think of. They bit their nose off to spite their face. Big ag will swoop in and buy up these farms for pennies on the dollar. Will Trump bail these people out?
At this time many Canadians are reading labels and not buying produce grown in the US. Wholesalers have already cut back their orders. Strawberries, broccoli and cauliflower are not worth our sovereignty. I sincerely hope this adds pressure that helps us all.
A lot of Deere employees are farmers themselves. And they are going to get lay-off notices if they haven't already. Deere is now in full cost-cutting mode as the agriculture business cycle is in full decline mode.
this guy does not get how trade works. no longer u can produce for only in america. those days r gone. he’s going to wake up when. we r in trump recession. trump taxes
It's time CNBC starts covering Trump's destruction of the economy honestly. Some of your colleagues and some guests are refusing to look at the reality of things. Viewers are losing lots of money because of Trump.
This time the crash will have ( its already underway anyway) geopolitical consequences. Unlike 2008. When it happens in next few years we will be ostracized,good bye $ as reserve currency. I can bet US tourists will be beat up,robbed on sight pretty much everywhere. Those cuts will be meaningless.
I suppose taxpayers will have to bail farmers out of this mess again (that they voted for) and Trump will sign his name to the check like the Treasury is his bank account.
The idea that farmers will magically find new consumers in the US to replace what they’re losing to exports and paying on imports for supplies is staggeringly stupid BS
There is a way to stop this madness but it takes a handful of republicans to stand with every democrat and since every republican is a coward, we the people are screwed. At this point, we have to watch and let it all burn down to the studs for folks to wake tf up.
DJT SIGN 2 EXEC ORDERS TO CUT TIMBER FROM NATIONAL FORESTS! LOGGING BARON IN CHARGE OF NAT FORESTS.TARIFFS ON CANADA TIMBER AS REASON TO OPEN USA FORESTS FOR LOGGING. CREATE PROBLEMS,USE IT AS EXCUSE,CLAIM IT AS WIN. ALSO WANTS TO CHALLENGE ENDANGERED SPECIES ACT! KILLING TREES & SPECIES EXTINCTION
What I find interesting about that quote is how perilous our food distribution system is the average grocery store across America has three days with supplies before they run out of inventory.
American farmers were feeding the world. However since General Chaos started his tariff wars and closing USAID offices, US farmers will actually begin losing money. The General sucks at math.
Comments
https://www.forbes.com/sites/eriksherman/2019/12/27/trump-china-tariffs-farmers-subsidies/
I think we can all just say he is basically clueless and this will not end well for all involved.
Your export will be taxed, it is called retaliation and happened when you put tarif to another nation.
Beside USAID is not buying and stockpiling to stabilize price.
Fertilizer manufacture needs potash
Potash comes from Canada….
Get the picture?
Shoulda went all cash in December like me!!
Fuck em all Carl!!
Trump is a cancer.
This is going to hurt quite a few folks deep in the heart of "Trump Country".
That’s a pretty small sample size.
Good grief.
Most CANDIDATES don’t have to pay for people to attend their rallies or for other services…
And they’ll take the money - again- and thank “daddy” with “tears” in their eyes because “he gets them” rather than realize he and maga are the cause of so much of their troubles
Now we get to keep them.
Totally clueless.
He got your votes, suckers. He doesn't need you anymore and he sure as hell doesn't care what happens to you.
Any farmers who voted for Trump in 2024 are the stupid lazy bastards who keep relying on handouts! 🤬
be able to in younger days but belly too big now
He has no idea what he's doing.
I can't tell if he is trying to put farms out of business or thinks he is helping them.
Is he going to completely cut them off or just kill off the small farmers.
I be thinking there might not be stuff to buy?
Has no idea about how farming works.
what a psychopath
But what do I know... I haven't bankrupted 4 businesses. Clearly Trump's the expert
not sympathetic toward the oligarchs
/sigh
Tax cuts.
Do you guys understand what’s about to happen?
“Every society is three meals from revolution”
…and that’s assuming Canadian producers don’t shift to friendlier markets forever locking out American farmers
Guess who y’all import most of your food from?
Canada and Mexico😏
GOP bullshit artists will make some fine fertilizer.