re: #32 Belafon

So, a set of consequences of Trump’s tariffs:
1. US meet is sitting at ports in freezers piling up.
2. Farmers aren’t getting paid, so the USDA may borrow from the Treasury - up to $30B - to pay them.
3. Some meet production companies may move out of the country.
4. Because demand is down, farmers will reduce livestock production. This means less need for soybeans and corn, which will put further downward pressure on the price of those.

In the short run, that meet may be sold in the US, which could drive prices of meet down below the cost of production, meaning farmers would be losing money anyway, though not as much.

And in around mid-September, Trump will probably tweet, “If only Obama and Crooked Hillary hadn’t started this needless trade war with our closest trade partners. Sad!”