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Politics : The Trump Presidency

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To: i-node who wrote (150260)	1/18/2020 8:00:07 PM
From: Katelew	Read Replies (3) of 359689

Sam is an investor in semiconductors and has a thread on the topic. She was very upset from the beginning because Trump's tackling of China might disrupt supply chains that had built up over many years. She had a vested interest in preserving the status quo. There are some things in the article I agree with. The main one is that Trump came along too late. China has obtained enough American technology to now probably overtake us in all categories of electronic equipment. The other tricky area is American farming. Well before Trump took office many farmers were suffering from chronic low prices, soybeans being one such commodity. Even before Trump, I began to suspect the country simply had too much land in production at a time when arable land was increasing in parts of the world with much lower costs. An example would be the rich land that used to support rain forests has been relentlessly turned into farmland in S. America. Brazil has become a big supplier of soybeans while American farmers stored their glut of beans in silos. This is one reason our farmers stayed loyal to Trump even though reporters were scouring the country trying to find angry and bankrupted farmers. American farmers already knew they were becoming imperiled by world changes. I feel sure some were thinking only a deal that forced China to buy beans, a deal that tied China down, would give them a rosier future. But I don't see that easily working out long term unless China gets concessions down the road that they shouldn't. In my own extended family, the young people two generations below me who raise soybeans and corn rarely even try to buy land anymore in eastern Arkansas. They're skilled and they're trusted in the region so they figure out what prices they can lock in in the forward market and then negotiate a rental agreement fair to both parties that lets them be assured of a profit. They usually buy crop insurance. They miss the great years but also the lean years and can still hunt and fish all winter. :) As for the trade agreement, it is being received well enough. At the signing ceremony Trump called it a momentous beginning, and the traders on CNBC have responded favorably. WAPO said it's a Trump achievement that he caused the country to recognize the danger of an unfettered China. I don't no why any honest person would want to go back to the status quo. Trump probably could have gotten a better and easier won deal if Democrats had joined him thus putting up an intimidating, united front against Xi. Sam's article lied, I think, in claiming that Obama had already done a lot with China. What I have found in the MSM are records of Obama complaints and efforts that accomplished very little because Obama had limited methods of enforcement at his disposal. China would agree to something and then ignore it. WTO rulings came too late to accomplish anything because China had already ruined the industry group Obama was fighting with them about. WAPO wrote about wind equipment as an example. By the time the WTO ruled against China, it had destroyed all its competitors on price and had locked in long term commitments from prospective buyers.

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