Yep, the trade war that trump carried out with China in his first term led to China buying a lot fewer soybeans from the US, instead turning to Brazil (now even more with the second trade war). Since this time his trade war isn’t limited to China, many more countries are finding alternatives. It’s much harder to gain business than it is to retain it and even harder to regain business when lost.
US corporations were happy to support trump because he’d cut taxes and regulations on them, but that won’t outweigh all the business lost internationally. Instead US corporations will be relying on squeezing Americans even harder in an attempt to make up for that lost business. I suppose that’s the true meaning of “America first”.
Yep, the trade war that trump carried out with China in his first term led to China buying a lot fewer soybeans from the US, instead turning to Brazil (now even more with the second trade war). Since this time his trade war isn’t limited to China, many more countries are finding alternatives. It’s much harder to gain business than it is to retain it and even harder to regain business when lost.
US corporations were happy to support trump because he’d cut taxes and regulations on them, but that won’t outweigh all the business lost internationally. Instead US corporations will be relying on squeezing Americans even harder in an attempt to make up for that lost business. I suppose that’s the true meaning of “America first”.