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Wednesday, November 14, 2018

Trump Farm Bailout Will Pay Millions To Chinese Firm

Reprinted with permission from AlterNet.

 

Donald Trump’s plan to defeat China on trade is a complete disaster. His tariffs against China have devastated the agricultural sector, killing jobs in parts of the country that voted for him, and forcing him to implement a billion-dollar bailout of American farms.

But nothing better underscores Trump’s incompetence than a new report in the Washington Post, detailing an embarrassing oversight in the eligibility for that bailout program:

Smithfield Foods, a Virginia-based pork producer acquired in 2013 by a Chinese conglomerate now named WH Group, can apply for federal money under the bailout program created this summer, said Agriculture Department spokesman Carl E.



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America Vs. The World Is A Losing Game

Reprinted with permission from Creators.

 

The Trump administration is full of people who think that if you’re making the rest of the world mad, you’re doing something right. “It was a blessing to go into the U.N. with body armor every day,” said Nikki Haley after announcing she will leave her post as America’s representative to the international body. Foreign disagreement is taken as vindication.

This is not a new phenomenon. President Bill Clinton defended American unilateralism at the U.N. in 1993 and refused to sign the international treaty banning land mines. His secretary of state Madeleine Albright once bragged, “We are the indispensable nation.”

George W.…

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Ford May Lay Off 24,000 In Trump’s Trade War

Reprinted with permission from Shareblue.

 

Trump’s trade war is also a war on American workers — including workers at iconically American companies like Ford.

Ford has already lost $1 billion thanks to Trump’s trade war, NBC News reports. And now the American automaker is looking at thousands of layoffs as part of a reorganization strategy.

The exact number of layoffs is unknown, but is estimated to be about 24,000 workers worldwide, according to a recent analysis from Morgan Stanley.

“Ford has already warned that President Donald Trump’s auto tariffs have impacted the company to the tune of $1 billion, and the president’s trade policies threaten to play havoc with Ford’s ongoing reorganization,” Ford CFO Bob Shanks told NBC News.…

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