Huawei Ban is Bigger Than You Think and other Trade War Musing Somervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

Huawei Ban is Bigger Than You Think and other Trade War Musing
 


26 May 2019 at 8:47:30 AM
salon

TRUMP’S COLD WAR WITH CHINA COULD LITERALLY BREAK THE INTERNET

The tech cold war between the United States and China is continuing to escalate. Just days after the Trump administration blacklisted China’s largest tech firm, Huawei, it’s reportedly weighing a ban against additional Chinese companies as part of its broader standoff with Beijing, cutting off their access to American technology. The move is likely to inflame tensions, and could accelerate the division between companies that rely on American tech, and those that use Chinese, potentially setting Beijing on a path to technological independence. “Even the briefest of bans will be proof to them that China can no longer rely on outsiders,” Bloomberg’s Tim Culpan wroteSunday. “This can only accelerate the process of creating a digital iron curtain that separates the world into two distinct, mutually exclusive technological spheres.”

 

 
  • Many economists, once optimistic for a U.S.-China trade deal, now lean towards skepticism one will happen soon
  • Some are even saying the world's two biggest economies are heading into an economic cold war that could last years. 
  • If President Trump's full tariff threats are realized, it could cost a typical three-person family in the U.S. $2,200 annually in higher prices for goods, according to a Peterson Institute of International Economics estimate.

 Collateral Damage Of The Trade War, Farmers Want Chinese Market Reopened

Collateral damage is exactly what many U.S. farmers feel like right now, even as the Trump administration has promised a second bailout, this time worth $20 billion. That will help some, but many farmers say a trade resolution that reopens the Chinese market is what they really want.

"We were willing to take one for the team, if it was going to be a long-term goal," said Ronnie Russell, vice president of the Missouri Soybean Association. "But the truth of the matter is now, are we going to be able to still survive in the short term so we can be here to take advantage and enjoy that long-term goal?"

And while those who don't farm may ask why farmers just don't grow something else, it's not an easy pivot — especially when it comes to grains like wheat, corn and soybeans. Farmers, like Friest in Iowa, invest thousands in land, equipment and technology.

"Our soils adapt very well to growing corn, they grown soybeans. We have the markets for them and we have the machinery set up for it," he said.

 But Chuck Grassley still getting his piece of farm aid while maintaining support for Trump's trade war with China. 

The big question, though, is whether federal money will be enough to help farmers struggling to compete in a difficult market. Campbell’s reporting found “a total of 84 farms in the upper Midwest filed for bankruptcy between July 2017 and June 2018 ... That’s more than double the number of Chapter 12 filings during the same period in 2013 and 2014 in Wisconsin, Minnesota, North Dakota, South Dakota, and Montana.”

The first bailout did not provide enough aid for all farmers to keep their farms open, and it isn’t clear this second aid package will be enough to ensure more farms aren’t forced to shutter this year.

Isane said that even if every farmer manages to keep their farm operational, and even if the tariffs were rolled back immediately, the damage to farmers might be too severe to repair.

“People don’t realize that once you lose a market, it’s hard to get it back,” Isane said.

 

 


Permalink Tags:          
     Views: 468 
Latest Blog Post by salon -8/23/2019- Judgement Against The State of Texas and George Darrell Best
More Posts You Might Enjoy
What's up in Trump's Swamp for August 17 2019?
Trump Continues to be a dirt-bag racist - 7/20/2019
Trump the Racist goes on tweetstorm telling brown congresspersons to *Go Back* to where they came from
Life Accordion To Trump

 You! Leave a Comment! You Know you Want To!
You must be a registered member to comment on the blog.
Your first post is held pending approval to make sure you're not a spammer bot

 Not registered? Or you can login!

LOGON - Name:Password:

New poster comments are moderated, meaning they won't show up until approved... or not.  Be patient-we have lives outside this blog, so it might take awhile You want to be rude? totally stupid? inappropriate? Racist? Bigoted? Flame war baiter? Your post may be deleted. Spammers or people posting pretend interest comments but really wanting to hawk their latest book or sell stuff or govt propaganda flacks won't see their posts published. Comments do not necessarily reflect the viewpoint of the site owner(salon).
If you have a problem with logging in or registering, please speak up right away. Love your comments. Oh, except spammers
More on commenting



Click Here for Main Page



Guest
Today Is  
Sunday, August 25, 2019





Latest Posts

8/23/2019- Judgement Against The State of Texas and George Darrell Best
salon 8/23/2019

About the Out of District Clinics Glen Rose Medical Center is running under Somervell County Hospital DISTRICT auspices
salon 8/21/2019

Albert and Shelly Turk apparently got a settlement amount from Somervell County Hospital District
salon 8/21/2019

Trump is now calling himself the *Chosen one* and by reference *King of Israel*
salon 8/21/2019

What's up in Trump's Swamp for August 17 2019?
salon 8/17/2019

Trump Continues to be a dirt-bag racist - 7/20/2019
salon 7/20/2019


More Blog Headlines
 



Comments

salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )








Home | Blog Home | About | News | Piazza | Calendar | Audio/Video/Open Rec | Search
Write!  |profile | quotes |
top Daily | top Weekly |top Month | top Year | Top All! | archives | subscribe RSS

 

%>