President Trump’s punitive tariffs on China lead to $30 billion in new farm bailouts, with no end in sight for these growing subsidies. Will Congress expand funding when the agriculture subsidies hit the legal ceiling this fall? What’s the end game for the president’s trade negotiations? Is it better to have American farmers dependent upon China or upon U.S. taxpayers? Has massive borrowing made the U.S. the richest/poorest country in the world?
Despite President Trump’s punitive tariffs on Chinese imports to the U.S., American businesses seem bullish on China, with profits up, and few interested in moving manufacturing out of the People’s Republic. But Bill Whittle sees trouble down the road for China’s long-running economic surge.