Trump’s China deal:
-China agrees to buy $50B of ag products this year.
-That’s a gain of $29B from before Trump tariffs.
-Trump tariffs have cost U.S. farmers $11B.
-U.S. taxpayers have spent $28B on emergency payouts to farmers.
-So loss to U.S. is $39B.
You do the math.— Robert Reich (@RBReich) January 15, 2020
Larry Kudlow says he loves @RBReich but won’t answer whether today’s China trade deal amounts to a loss for the US economy @realDonaldTrump pic.twitter.com/vd65OqSSyq
— Brian J. Karem (@BrianKarem) January 15, 2020