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‘He’s gonna kill us’: Nebraska farmers freak out as Trump’s trade war threatens their businesses

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President Donald Trump’s trade war against multiple countries has been hammering the price of American soybeans, and many farmers say they’re seriously feeling the pinch.

The Los Angeles Times reports that soy farmers in Nebraska are increasingly anxious that Trump’s trade war could drag on into the fall, at which time they would suffer massive losses due to the low prices of their crops.

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Data released by the Labor Department this week revealed that American agricultural export prices plunged by 5.3 percent last month, which marks the biggest drop in export prices since October 2011.

Soy bean farmers, which have been specifically targeted by China’s retaliatory tariffs against American imports, were particularly hard hit. According to Labor Department figures, U.S. soy export prices plunged by 14.1 percent in July, just after China slapped soy imports with 25 percent tariffs.

“He’s gonna kill us,” 81-year-old farmer Joel Samuleson told the Los Angeles Times, referring to the drop in soy prices.

Farmer Doug Saathoff, meanwhile, says that he likes the fact that Trump is a “businessman,” but he worries about the erratic nature of the president’s trade negotiations.

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“How long can I hold out?” he asked the Los Angeles Times, referring to his own farm’s financial situation. “I don’t know.”


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Trump encourages China to take advantage of Jay Powell and Fed: They ‘don’t have a clue’

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President Donald Trump launched a new attack against his own Federal Reserve chairman in a pair of Monday morning tweets.

The president has been publicly pressuring Fed chairman Jerome Powell to lower interest rates in hopes of staving off a recession, but the Trump appointee has so far resisted his calls.

"Producer prices in China shrank most in 3 years due to China’s big devaluation of their currency, coupled with monetary stimulus," Trump tweeted. "Federal Reserve not watching? Will Fed ever get into the game? Dollar strongest EVER! Really bad for exports. No Inflation...Highest Interest Rates..."

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Internet pummels Trump for frantic demand to investigate Obama instead: ‘This is not the tweet of an innocent man’

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President Donald Trump jealously raged against Barack Obama's post-presidency business deals, which includes a production agreement with Netflix -- and other social media users ridiculed his apparent envy.

Trump questioned that deal and others in a pair of tweets complaining about an impeachment inquiry launched against him last week by the House Judiciary Committee, and he suggested Congress look at Obama's business since he left the White House.

....work that way. I have a better idea. Look at the Obama Book Deal, or the ridiculous Netflix deal. Then look at all the deals made by the Dems in Congress, the “Congressional Slush Fund,” and lastly the IG Reports. Take a look at them. Those investigations would be over FAST!

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Is the Trump administration squelching a whistleblower — and a major scandal?

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America's system of government has always worked on the honor system. With so few Senate-confirmed Cabinet and federal agency heads, and so many “acting” officials working in the Trump administration, people who are constantly forced to audition for permanent positions are now under tremendous pressure to protect a president hellbent on breaking every norm of good governance. Now a new possible political scandal could be brewing in the Trump administration that tests the loyalty of these “acting” officials — pitting their allegiance to the nation against their desire to impress their boss.

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