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Trump’s trade war with China has crippled farmers, consumers and now the tech industry: report

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A report by Bloomberg illustrates in hard cold numbers the devastating effect the trade policies of President Donald Trump have had on the national economy– stretching from the soybean fields of the midwest to Silicon Valley.

According to the report, Trump’s tariffs and threats of economic retribution against America’s trade partners have crippled the economy as prices have increased — ultimately hitting consumers in the pocketbook.

While noting that China has also felt the economic pinch from Trump’s trade war, the report states that the U.S. is feeling an even larger impact.

“The U.S. was also sideswiped by the trade war. Taxing Chinese-made products raised prices for American consumers and factories alike. A pair of studies by trade economists put the losses to the U.S. economy in the tens of billions of dollars annually,” the report states, “And that doesn’t count the impact of Chinese retaliation.”

“Chinese tariffs hit American farmers hard, as the country halted most imports of soybeans from the U.S, “Bloomberg adds, noting, “Inventories piled up. U.S. agricultural exports, which had been growing exponentially, started to fall, and farm incomes declined. Desperate farmers appealed to Trump for help, and he responded with a wave of direct payments to farmers. But going on the government dole isn’t a sustainable business model, and a wave of farm bankruptcies has begun.”

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According to the report, investors are is also seeing a dangerous trend linked to Trump in an industry where the U.S. is a world leader: technology.

“The struggle to control the future of high technology is arguably even more important to the balance of economic power between the U.S. and China. And the U.S. may also be losing on this front as well,” the report states before making an ominous prediction.

“Export controls will hurt Chinese tech in the short term, but in the long term it could merely push China to accelerate its efforts to replicate and surpass U.S. technology,” the analysis concludes. “If China becomes a technological peer, its companies will begin to compete more directly with American ones, as Japanese companies did in the 1970s and 1980s.”

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You can read more here along with accompanying graphs.


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Cop says Alexandria Ocasio-Cortez should be shot following Trump’s racist targeting of The Squad

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Following racist attacks on members of The Squad by President Donald Trump and his supporters, a police officer in Louisiana reportedly said that one of the congresswomen of color should be shot.

Trump has been lashing out at the four first-term congresswomen, who include Representatives Alexandria Ocasio-Cortez (D-NY), Ilhan Omar (D-MN), Ayanna Pressley (D-MA), and Rashida Tlaib (D-MI).

"A Gretna police officer posted a comment on his Facebook page this past week calling U.S. Rep. Alexandria Ocasio-Cortez a 'vile idiot' who 'needs a round, and I don't mean the kind she used to serve,'" NOLA reported Saturday.

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Internet piles on ABC reporter for lavishing praise on Trump for allowing press to ask questions

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ABC News reporter Kyra Phillips on Saturday heaped praise on President Donald Trump for his treatment of the press.

Despite the White House no longer holding daily press briefings, Phillips praised the "access" she receives from the administration.

"No matter what your politics are, I have to say that I appreciate the access ?Trump? gives us on a regular basis and the ability to ask any question," she said.

She tagged Stephanie Grisham in her tweet, who is Trump's latest press secretary. She also tagged her husband, John Roberts, who does not work in the White House, but works for Fox News.

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The real problem wasn’t the racism — it was the Trump taking ‘the Lord’s name in vain’ twice: supporter

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President Donald Trump was widely condemned after supporters at a campaign rally in West Virginia turned his racist "go back" message into a "Send Her Back" chant against one of a woman of color in Congress.

One Trump supporter in West Virginia also criticized the speech, but not for the racist targeting of Rep. Ilhan Omar.

State Senator Paul Hardesty, a Democrat, wrote to the White House to complain about Trump's use of the word "goddamn."

The letter was republished by the Montgomery-Herald.

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