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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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Trump lawyer Rudy Giuliani accuses Mike Pompeo’s State Department of obstruction of justice

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Keeping track of the Republican defenses of President Donald Trump got a little more difficult on Thursday when his private attorney appeared to throw his Secretary of State under the bus.

Rudy Giuliani suggested Secretary of State Mike Pompeo may have committed obstruction by refusing visas to three Ukrainians the former New York City mayor wants to testify about conspiracy theories.

"The embassy in Ukraine refuses to give visas for three witnesses, two present prosecutors and the former Prosecutor General, who have direct evidence of major Dem corruption in Ukraine in 2016," Giuliani argued.

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GOP leader McCarthy swats aside Fiona Hill’s national security testimony debunking his Ukraine conspiracy theory

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On Thursday, during one of the final scheduled impeachment hearings this week, National Security Council official Fiona Hill demolished President Donald Trump's conspiracy theory that Ukraine, rather than Russia, meddled in the 2016 election, calling it a "fictional narrative" and noting that it originated with the Kremlin itself.

But in conversation with reporters, House Minority Leader Kevin McCarthy (R-CA) flatly disbelieved Hill's testimony, and insisted he still held onto the theory.

House Minority Leader Kevin McCarthy told me that he was not going to lose any GOP votes during impeachment.

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Nicolle Wallace breaks down the impeachment moment ‘women will be talking about for years’

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MSNBC anchor Nicolle Wallace on Thursday highlighted one of the key moments from the impeachment inquiry testimony from Dr. Fiona Hill.

"Often when women show anger, it’s not fully appreciated. It’s often, you know, pushed onto emotional issues perhaps, or deflected on other people," Hill testified.

Here's Fiona Hill on why she thinks Sondland misunderstood her anger — and how women's anger is often viewed, more generally: "It's not fully appreciated. It's often pushed off onto emotional issues." pic.twitter.com/AsMR3A9InI

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