How The Trade War Is Affecting American Farmers | NBC News Now

How The Trade War Is Affecting American Farmers | NBC News Now


WORKING VACATION. THANK YOU SO MUCH. THANK YOU SO MUCH.>>WALL STREET, AS WE MENTIONED,>>WALL STREET, AS WE MENTIONED, BENEFITTED FROM THE CHINA TARIFF BENEFITTED FROM THE CHINA TARIFF DELAYS TODAY. DELAYS TODAY. PRESIDENT TRUMP TWEETING THIS PRESIDENT TRUMP TWEETING THIS MORNING THAT THE TARIFFS ON MORNING THAT THE TARIFFS ON CERTAIN AGRICULTURAL GOODS ARE CERTAIN AGRICULTURAL GOODS ARE ACTUALLY HELPING FARMERS BUT OUR ACTUALLY HELPING FARMERS BUT OUR NBC SOURCES SAY THAT MIGHT BE — NBC SOURCES SAY THAT MIGHT BE — MIGHT NOT BE, RATHER, THE WHOLE MIGHT NOT BE, RATHER, THE WHOLE TRUTH. TRUTH. NBC’S JANE KING IS JOINING ME NBC’S JANE KING IS JOINING ME NOW TO TALK ABOUT HOW AMERICAN NOW TO TALK ABOUT HOW AMERICAN FARMERS ARE ACTUALLY DOING IN FARMERS ARE ACTUALLY DOING IN THE TRADE WAR AND HE SAID THE THE TRADE WAR AND HE SAID THE U.S. FARMERS WERE, QUOTE, U.S. FARMERS WERE, QUOTE, GETTING MORE THAN CHINA WOULD BE GETTING MORE THAN CHINA WOULD BE SPENDING. SPENDING. WHAT EXACTLY DOES HE MEAN BY WHAT EXACTLY DOES HE MEAN BY THAT? THAT?>>Reporter: THE FACT THAT HE’S>>Reporter: THE FACT THAT HE’S TALKING ABOUT AN AID PACKAGE TALKING ABOUT AN AID PACKAGE THAT HE PUT TOGETHER FOR A THAT HE PUT TOGETHER FOR A DEPRESSION ERA PROGRAM TO FUND DEPRESSION ERA PROGRAM TO FUND MONEY TO THESE FARMERS, CROPS MONEY TO THESE FARMERS, CROPS THAT AREN’T GETTING SOLD BECAUSE THAT AREN’T GETTING SOLD BECAUSE CHINA IS THE FOURTH LARGEST CHINA IS THE FOURTH LARGEST CONSUMER, ESPECIALLY OF GRAINS, CONSUMER, ESPECIALLY OF GRAINS, OF AMERICAN FARMERS AND THEY’RE OF AMERICAN FARMERS AND THEY’RE PULLING THAT BACK AND SAYING PULLING THAT BACK AND SAYING WE’RE GOING TO TRY TO CUT YOUR WE’RE GOING TO TRY TO CUT YOUR LOSSES BUT FARMERS SAY, YOU KNOW LOSSES BUT FARMERS SAY, YOU KNOW WHAT? WHAT? IT’S MAYBE KWUTING SOME OF THE IT’S MAYBE KWUTING SOME OF THE LOSSES BUT IT’S NOT TURNING THIS LOSSES BUT IT’S NOT TURNING THIS INTO A PROFITABLE SEASON. INTO A PROFITABLE SEASON. IT’S ALSO CHANGING THE MARKET. IT’S ALSO CHANGING THE MARKET. SO, YOU WANT YOUR — YOU WANT TO SO, YOU WANT YOUR — YOU WANT TO SELL AND YOU MIGHT KEEP YOUR SELL AND YOU MIGHT KEEP YOUR CUSTOMERS WITH YOU, YOU DON’T CUSTOMERS WITH YOU, YOU DON’T ALWAYS WANT TO HAVE A BAILOUT ALWAYS WANT TO HAVE A BAILOUT COME IN AND SAVE YOUR YEAR COME IN AND SAVE YOUR YEAR BECAUSE YOU DON’T KNOW WHAT IT’S BECAUSE YOU DON’T KNOW WHAT IT’S GOING TO DO NEXT YEAR. GOING TO DO NEXT YEAR.>>THE PRESIDENT KEEPS SAYING>>THE PRESIDENT KEEPS SAYING THAT CHINA DEVALUES ITS CURBRENC THAT CHINA DEVALUES ITS CURBRENC AND THOSE DEVALUATIONS ARE AND THOSE DEVALUATIONS ARE PAYING FOR THE TARIFFS. PAYING FOR THE TARIFFS.>>Reporter: HE STARTED SAYING>>Reporter: HE STARTED SAYING THIS A FEW WEEKS AGO, HOW CHINA THIS A FEW WEEKS AGO, HOW CHINA IS SOMEHOW PAYING THE TARIFFS IS SOMEHOW PAYING THE TARIFFS WHICH AS WE KNOW ARE SOMETHING WHICH AS WE KNOW ARE SOMETHING THAT IMPORTERS PAY WHEN A GOOD THAT IMPORTERS PAY WHEN A GOOD CROSSES THE BORDER AND I CALLED CROSSES THE BORDER AND I CALLED ECONOMISTS AND I CALLED EXPERTS ECONOMISTS AND I CALLED EXPERTS AND I CALLED PEOPLE WHO AND I CALLED PEOPLE WHO UNDERSTAND TRADE, IT’S VERY UNDERSTAND TRADE, IT’S VERY COMPLEX AND THEY SAID, NO, WE’RE COMPLEX AND THEY SAID, NO, WE’RE JUST NOT SEEING IT. JUST NOT SEEING IT. WE’RE SEEING THINGS COME ACROSS WE’RE SEEING THINGS COME ACROSS THE — COME ACROSS THE BORDER AT THE — COME ACROSS THE BORDER AT THE PRICE THEY’VE BEEN COMING THE PRICE THEY’VE BEEN COMING ACROSS THE BORDER. ACROSS THE BORDER. CHINA IS NOT ABSORBING THE COST CHINA IS NOT ABSORBING THE COST OF THE TARIFF. OF THE TARIFF. THERE’S NOT ENOUGH DEVALUATION THERE’S NOT ENOUGH DEVALUATION OF THE CURRENCY TO MAKE UP FOR OF THE CURRENCY TO MAKE UP FOR IT AND THEY’RE NOT SEEING IT THE IT AND THEY’RE NOT SEEING IT THE WAY THE PRESIDENT SAYS HIS WAY THE PRESIDENT SAYS HIS OPINION. OPINION.>>A LOT OF PEOPLE LOOK AT THIS>>A LOT OF PEOPLE LOOK AT THIS AND THINK, HOW IS THIS AFFECTING AND THINK, HOW IS THIS AFFECTING ME? ME? HOW ARE AMERICANS PAYING? HOW ARE AMERICANS PAYING? ARE WE SEEING THIS REFLECTED IN ARE WE SEEING THIS REFLECTED IN PAYMENT PER HOUSEHOLD. PAYMENT PER HOUSEHOLD.>>Reporter: AMERICANS ARE>>Reporter: AMERICANS ARE PROBABLY SEEING IT, IT DEPENDS PROBABLY SEEING IT, IT DEPENDS ON WHAT YOU BUY AND WHERE YOU ON WHAT YOU BUY AND WHERE YOU BUY IT AND WHETHER OR NOT BUY IT AND WHETHER OR NOT AMERICAN IMPORTERS ARE THE ONES AMERICAN IMPORTERS ARE THE ONES ABSORBING THESE COSTS BUT WE ABSORBING THESE COSTS BUT WE HAVE A STUDY THAT SAYS THAT HAVE A STUDY THAT SAYS THAT AMERICAN CONSUMERS ARE PROBABLY AMERICAN CONSUMERS ARE PROBABLY PAYING $831 FOR AN AVERAGE PAYING $831 FOR AN AVERAGE HOUSEHOLD MORE THAN THEY WOULD HOUSEHOLD MORE THAN THEY WOULD HAVE. HAVE. BUT LIKE THOSE TAX CUTS WHICH BUT LIKE THOSE TAX CUTS WHICH HIT A LOT OF MIDDLE INCOME HOMES HIT A LOT OF MIDDLE INCOME HOMES WITH A $900 CUT YOU MIGHT NOT WITH A $900 CUT YOU MIGHT NOT SEE IT IMMEDIATELY IN THIS SEE IT IMMEDIATELY IN THIS SHORT-TERM BUT I THINK AS WHAT SHORT-TERM BUT I THINK AS WHAT FOR THE PRESIDENT DID TODAY, FOR THE PRESIDENT DID TODAY, MOVING THOSE TARIFFS UNTIL THE MOVING THOSE TARIFFS UNTIL THE GOODS ARE IN THE COUNTRY FOR THE GOODS ARE IN THE COUNTRY FOR THE CHRISTMAS SEASON, THAT IS WHAT CHRISTMAS SEASON, THAT IS WHAT WE CALL A TELL. WE CALL A TELL.>>I LIKE THAT, JANE.>>I LIKE THAT, JANE. THAT IS A TELL. THAT IS A TELL. SO LET’S QUICK FINAL QUESTION. SO LET’S QUICK FINAL QUESTION. THE U.S. IS ESSENTIALLY FOOTING THE U.S. IS ESSENTIALLY FOOTING THE BILL WHILE FAMILIES WILL BE THE BILL WHILE FAMILIES WILL BE FOOTING THE BILL. FOOTING THE BILL. WHAT IS THE TRADE WAR ULTIMATELY WHAT IS THE TRADE WAR ULTIMATELY ACHIEVING FOR THE ACHIEVING FOR THE ADMINISTRATION? ADMINISTRATION?>>Reporter: THIS GOES DOWN TO>>Reporter: THIS GOES DOWN TO THE MONEY MONTH ON THE CAMPAIGN THE MONEY MONTH ON THE CAMPAIGN TRAIL OF THE PRESIDENT, HE TRAIL OF THE PRESIDENT, HE ARGUED AND CAMPAIGNED ON THE ARGUED AND CAMPAIGNED ON THE IDEA THAT OTHER PEOPLE WERE IDEA THAT OTHER PEOPLE WERE TAKING ADVANTAGE OF AMERICA AND TAKING ADVANTAGE OF AMERICA AND HE WANTS TO GET BACK AT THAT,

11 thoughts on “How The Trade War Is Affecting American Farmers | NBC News Now

  1. Farmers are losing a huge amount of customers because of trump failing us and not taking this seriously, is this a American first or losing amount vote of his supporters?

  2. If cheeto gets re-elected again, there will be no farmers/dairy left. We will be importing from Canada and Mexico. Cheeto has already said, he doesn't care if he runs down America, he won't be around to see the damage he has done.

  3. So USA is now a socialistic country where the government financially supports the farmers to prevent them from going bankrupt or farmers committing suicide.
    Well done, and please note that the turning of USA into a socialistic system happened under a republican administration.
    If it was not so tragic, it would be laughable.

  4. Trump's trade wars are all about HIM having power and control. The taxpayers are supplying the relief to US farmers. Is that not a socialistic act, folks?

  5. The farmers are winning! Hurray for trump. Keep the subsidies coming. Why work when farmers can get money for free. Next, I want a government bailout for everything that has a tariffs. Us government please give me free money for doing no work.

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