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Trump’s trade war just forced US soy farmers to take a massive financial hit

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President Donald Trump’s trade war forced American farmers to take a big hit financially last month, as prices for U.S. farm exports fell faster than they have at any time since 2011, when America was still recovering from the 2008 financial crisis.

Bloomberg reports that American agricultural export prices plunged by 5.3 percent month-over-month, which marks the biggest drop in export prices since October 2011.

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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.

Over the past two months, multiple reports have cropped up of Trump-backing soy farmers in the Midwest who say they have been significantly hurt by the president’s trade wars with China, Canada, Mexico and the European Union.

Michael Petefish, the President of the Minnesota Soybean Growers Association, told CNN last month that he and his fellow farmers are “hurting” and that he might not back Trump’s 2020 campaign if he didn’t fix his trade policies.

Some farmers getting hurt by Trump’s trade war are still sticking by the president, however. Soybean farmer Bill Beam, for instance, told CNBC that he’d still vote for Trump even though the president is costing him “a lot of money.”

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Millions around the world joined #ClimateStrike — demanding bold climate action

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Masses of children skipped school Friday to join a global strike against climate change that teen activist Greta Thunberg said was "only the beginning" in the fight against environmental disaster.

Some four million people filled city streets around the world, organizers said, in what was billed as the biggest ever protest against the threat posed to the planet by rising temperatures.

Youngsters and adults alike chanted slogans and waved placards in demonstrations that started in Asia and the Pacific, spread across Africa, Europe and Latin America, before culminating in the United States where Thunberg rallied.

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Trump announces new sanctions on Iran — and deploys US troops to the Middle East

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The United States announced Friday that it was sending military reinforcements to the Gulf region following attacks on Saudi oil facilities that it attributes to Iran, just hours after President Donald Trump ordered new sanctions on Tehran.

Trump said the sanctions were the toughest-ever against another country, but indicated he did not plan a military strike, calling restraint a sign of strength.

The Treasury Department renewed action against Iran's central bank after US officials said Tehran carried out weekend attacks on rival Saudi Arabia's oil infrastructure, which triggered a spike in global crude prices.

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‘Do a lot of stupid sh*t as quickly as possible’: Ambassador Power breaks down ’The Trump Doctrine’

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The former ambassador to the United Nations explained "The Trump Doctrine" during a Friday evening interview with comedian Bill Maher on HBO's "Real Time."

Samantha Power, the author of the new book, The Education of an Idealist, was asked by Maher about the foreign policy mantra of the Obama administration.

"Obama's foreign policy doctrine was famously summarized as 'don't do stupid sh*t," Maher noted. "Trump's, of course, is 'Do stupid sh*t.'"

"Do stupid sh*t as quickly as possible," Power clarified.

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