By CEO1
QuoraA. OK, here is how it will work out:
Farmers and ranchers produce about 2 to 3 times the amount of food we need in the US. The rest is sold to other countries or used as cattle feed or to make other foods. We also buy a lot of food - like beef from Australia and fruits from several countries. Let’s say they make 1 million pounds of each - people food, export food, animal food, other foods - just as an example.
The reciprocal tariffs price our products higher than other sources so other countries are not buying our farm products. That puts 1 million pounds more on the US market but the US market usually uses less than that so to sell it, the farmers have to lower their prices - a lot.
Some will go out of business because it costs more to harvest than they can sell it for. Lots of farmers will have to fire people because they can’t make enough money. As soon as the current glut of food is gone, there will be scarcity because next year there will be fewer farms and they will not produce as much. Prices to US consumers will come down for a few products and go up for most of the others.
A lot of crops are grown to feed cattle. Reciprocal tariffs price our beef and meat products higher than other sources so other countries are not buying our meat products. Deals have already been made by Australia to sell beef to China and Japan.
A lot of crops are grown to feed cattle. Reciprocal tariffs price our beef and meat products higher than other sources so other countries are not buying our meat products. Deals have already been made by Australia to sell beef to China and Japan.
The EU won’t buy our beef. We have lost most of the export market for our beef products, which means that we will have a glut of cattle in the US that will temporarily lower the cost of beef but, as with grain crops, as soon as the excess inventory is gone, prices will rise. Ranchers will reduce their herds and the grain bought that would be used for cattle feed. This will further reduce income to the farmers and eventually increase the price of meat in the US.
We deported a lot of migrant workers so a lot of farms will not be able to produce as much as they had in the past. Some will let the food rot in the fields. Some will harvest part of their fields. By this Fall, US-produced veggies and fruit will be in short supply making the price go up.
The import tariffs Trump has put on foreign produce will jack up prices on imported fruits and veggies to consumers. Combined with the scarcity of US produce, grocery prices will rise a lot. A lot of people will not pay $1.50 or more for one apple or orange so sales might drop - driving up prices even more.
Most of the larger countries on Trump’s tariff list have made trade agreements among themselves to the exclusion of the US. In the years to come, they will buy and sell among themselves and NOT buy from the US or sell to the US without charging very high prices. BRICS, Canada, China, the EU, Brazil, Japan, Australia, Spain, South Korea, and Italy have all agreed on trade deals that exclude the US. This means that in the future - all the things we used to buy from them will not be available or will cost a lot more.
Even if Trump were gone tomorrow, these trade agreements will persist for a long time and the US will suffer being isolated from global trade at favorable prices. The reduction in planted fields and farms and the reduced cattle herds will take time to recover, which will continue to cause scarcity for several years, which will cause grocery prices to stay high longer.
Trump has screwed us royally. . . . and he has not stopped making it worse.
UPDATE: China - our largest grain buyer - has stopped ALL farm purchases. China now buys from Brazil, Argentina and Canada in long-term trade agreements. 88% of farm exports have stopped. Grain silos are full with no buyers. Fields are unharvested. Produce is rotting. Because of the high fees for using the silos, some farmers are dumping their crops into landfills or into the ocean.
Many farmers are not replanting for next year because they have no assurance they will have a buyer.
Some farmers are selling their equipment just to pay for food for their families.
We deported a lot of migrant workers so a lot of farms will not be able to produce as much as they had in the past. Some will let the food rot in the fields. Some will harvest part of their fields. By this Fall, US-produced veggies and fruit will be in short supply making the price go up.
The import tariffs Trump has put on foreign produce will jack up prices on imported fruits and veggies to consumers. Combined with the scarcity of US produce, grocery prices will rise a lot. A lot of people will not pay $1.50 or more for one apple or orange so sales might drop - driving up prices even more.
Most of the larger countries on Trump’s tariff list have made trade agreements among themselves to the exclusion of the US. In the years to come, they will buy and sell among themselves and NOT buy from the US or sell to the US without charging very high prices. BRICS, Canada, China, the EU, Brazil, Japan, Australia, Spain, South Korea, and Italy have all agreed on trade deals that exclude the US. This means that in the future - all the things we used to buy from them will not be available or will cost a lot more.
Even if Trump were gone tomorrow, these trade agreements will persist for a long time and the US will suffer being isolated from global trade at favorable prices. The reduction in planted fields and farms and the reduced cattle herds will take time to recover, which will continue to cause scarcity for several years, which will cause grocery prices to stay high longer.
Trump has screwed us royally. . . . and he has not stopped making it worse.
UPDATE: China - our largest grain buyer - has stopped ALL farm purchases. China now buys from Brazil, Argentina and Canada in long-term trade agreements. 88% of farm exports have stopped. Grain silos are full with no buyers. Fields are unharvested. Produce is rotting. Because of the high fees for using the silos, some farmers are dumping their crops into landfills or into the ocean.
Many farmers are not replanting for next year because they have no assurance they will have a buyer.
Some farmers are selling their equipment just to pay for food for their families.
4 comments:
Is the sky falling again? First the eggs now beef. Don't panic. Beef is bad. It causes heart issues. No big deal. But wasn't it the Democrats who not too long ago wanted to reduce the cattle population because of climate change?
Who knows? Time for Americans to start a tomato garden and plant what they need to survive. The Irish ate potatoes, the Mexicans corn and chile and nopales. The Japanese sardines. The Portuguese sardines, fish. South Texas will eat: nopales, chickens and eggs. Men will create their own beer: tequila, mezcal, wine etc
No manches Montoya "Quora" is your source. Ponte a cortar yardas if You don't want to report anymore, at least it's an honest work.
5:49 Get your head out of the sand. Don't defend the indefensible. Your boy has shit for brains. The MAGA crowd enjoys a good rectal reaming.
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