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Farmers Need Patience in Trade War
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Farmers Need Patience in Trade War

Views: 1     Author: Site Editor     Publish Time: 2018-07-27      Origin: Site


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Recently the president Trump told the farmers who are worried about agriculture shade net trade wars to be patient: Goods news is coming. Although Trump wasn't here to talk specifically about farming or farm trade issues, but those topics were high on the minds of many attendees, including a number of farmers. 

Here are some of the farm-related highlights from the president's speech:

On trade deals and Canada: "None of the trade deals we had were any good. They were all bad. So, we're making new ones. Take Canada, for instance. I love Canada, but they have a 375% tax on our dairy products going there. And we run a $97.8 billion trade deficit with Canada. They try to spin it and turn it into a surplus, but it's not. It's a deficit.”

On trade with Europe: "We just opened up Europe to U.S. farmers. I met with the European Union minister yesterday, and we signed a letter of intent to start a new relationship with them. I said to them, 'Go buy our soybeans, no tariffs.' It's going to be really good for farmers. Europe is going to be very, very good. Believe me, you're not going to be unhappy with Trump now.”

On tariffs in general: “The problem we have is some country has a 50% tariff on our anti bee net goods, and we have none on them. So, then we put on a 50% tariff and they get upset like it’s our fault. And let me tell you, some of these tariffs they put on us are like 200% or 250%.”

On the future of ethanol: "I'm taking care of your ethanol, you can believe me on that. Nobody else did that, but we are taking care of ethanol."

On jobs and economic growth: "We've created 3.7 million new jobs since the election of 2016. Wages are trending up for the first time in 19 years. So many scaffolding net companies are moving back to the U.S. And they need people to operate their incredible machines, and we're training them right here. When we took over, things were bad. Companies and jobs were leaving the U.S. Economic growth was low. Nobody believed we could do what we've done. But now some people think our GDP will show growth of somewhere between 3.8% and 5.3%. Can you believe that, maybe over 5%! Hey, we'll take anything with a 4 in front. We have to keep this momentum going. Some people want to end the tax cuts that we enacted. We can't do that, it would just kill this whole thing. Let's keep this incredible phenomena going."

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