Thursday, August 23, 2018

How a ‘Strong Dollar’ Causes Low AG Prices and How to Fix It

In recent months, President Trump has imposed much-needed tariffs to address China’s 24-year trade war and commercial espionage campaign targeting America. Instead of changing course, China has imposed tariffs on fairly-traded goods from the United States. While President Trump’s moves are aimed at helping U.S. manufacturers, we need additional strategies to help farmers and ranchers. America’s manufacturers and farmers happen to share a major export problem - an overvalued U.S. dollar that makes their goods more expensive overseas. If Congress and the administration can buckle down to pass legislation addressing this “strong dollar,” we could see corn, soybean and beef prices increase by 25 percent or more. [more...]

Tuesday, August 21, 2018

Tariff Job Gains Exceed Losses By 20:1

Earlier this week, the Coalition for a Prosperous America (CPA) published details of its new ‘Tariff Job Creation Tracker’ that tallied U.S. manufacturing jobs gained in the wake of recent tariff actions. We keep hearing stories about the sky falling because of President Trump’s strong hand in enforcing existing U.S. trade laws. But the past six months have shown impressive job creation in skilled, high-wage sectors against only very negligible, accompanying job losses. The early returns show strong positive job creation. And there will undoubtedly be greater job growth as more sectors receive attention from the administration. [more...]

Mapping the U.S. Farm Subsidy $1M Club

By Adam Andrzejewski, Author of “Operation Drain the Swamp”

During the Great Depression, farm subsidies were created to keep the family farm afloat and ensure a stable national food supply. Today, these subsidies have grown so lucrative that wealthy investors, large corporations, and farm-estate heirs use taxpayer money to maximize their personal return on investment. Since 2008, however, the top 10 farm subsidy recipients each received an average of $18.2 million – that’s $1.8 million annually, $150,000 per month, or $35,000 a week. With the median household income of $60,000 a year, these farmers received more than 30 times the average yearly income of U.S. families. It was never the intent of Congress to create a new class of millionaires through federal farm subsidies. Yet, the subsidies continue to flow. [more...]

Friday, August 17, 2018

Tariff Job Gains Exceed Losses By 20:1

As of today, job gains exceed job losses by a 20:1 ratio. This week we’re showing gains of 11,100 jobs in four major sectors affected by tariffs. Tariffs are creating far more jobs than they are sacrificing.  The tariffs are working. So far, we have identified 514 job losses specifically due to tariffs. All job gains and job losses refer to job changes that have either happened or have been publicly announced as planned to happen by the companies involved, with specific numbers included. We have not estimated any of these numbers; they all come from the companies concerned. We do not include threats of potential job losses, such as the threat of sacrificing an alleged 4,000 future jobs recently made by the CEO of Chinese-owned Volvo Cars. Many corporate leaders are making vague threats or forecasts with clear political motivations. We are going deeper and looking at facts and facts only. [more...]