I wanted to see y'alls opinion on this. I am still not a fan of tariffs since they are a tax on US citizens and businesses, and it is having impacts like this so that we have to use taxpayer money to bail out the harm caused by tariffs. My general opinion is get rid of the tax and spend mentality, not increase it.
My understanding of tariffs is that for most goods, they are a one-time inflation shock and then everyone adapts so the inflationary shock is not an ongoing thing. But I don't think that applies to farm/agriculture when other countries are simply buying elsewhere. Plus, I wonder how much pressure this puts on this administration to cave on other things like sensitive chips to China, for example.
My understanding of tariffs is that for most goods, they are a one-time inflation shock and then everyone adapts so the inflationary shock is not an ongoing thing. But I don't think that applies to farm/agriculture when other countries are simply buying elsewhere. Plus, I wonder how much pressure this puts on this administration to cave on other things like sensitive chips to China, for example.
WE ❤️OUR FARMERS 🚜
— The White House (@WhiteHouse) December 8, 2025
"I'm delighted to announce this afternoon that the United States will be taking a small portion of the hundreds of billions of dollars we receive in tariffs... We're going to use that money to provide $12B in economic assistance to American farmers." @POTUS pic.twitter.com/yLDQ8DNot4