Just ask yourself this question: Why did the president boast about his China trade deal being so great for America?
At that time, soybean prices were about $12 a bushel when he added a 25% tariff ($3) which made their cost approximately $15 a bushel.
China, purchasing beans from South America, reduced our bean prices to a level of $8 a bushel. Consequently, China then took advantage of our $8 beans, with the 25% ($2) tariff at a cost of $10, which gave them a significant savings at the U.S.'s loss.
As a result, now the farm bill's price protection law is posted much higher, which forces the US government to raid the treasury to make up the difference — billions of dollars to cover the price drop initiated by the president's so-called "good deal." Our government approved this costly process.
How can Trump brag about how great this was for foreign trade? South America is happy, and China benefited by being able to buy cheaper grain than had been the situation with the USA.
Richard Schmitz, Seneca