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Dec 4 - trump's Trade War Has Cost Nebraska 1 Billion, Thousands Of Jobs


 
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 2 months ago '10        #1
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Bandito 161 heat pts161
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Dec 4 - trump's Trade War Has Cost Nebraska 1 Billion, Thousands Of Jobs
 

 
Retaliatory tariffs cost Nebraska agriculture $1 billion, report

Retaliatory tariffs triggered by U.S. steel and aluminum tariffs imposed by the trump administration have led to between $700 million and $1 billion in lost farm income in Nebraska this year, according to a report released Monday by the Nebraska Farm Bureau.

Additional costs include between $164 million and $242 million in lost labor income, along with the loss of 4,100 to 6,000 jobs, the economic analysis stated.

"This report provides a clear picture of how much we've lost due to those tariffs and the need to improve our trade relations," Nebraska Farm Bureau President Steve Nelson said.

President donald trump imposed steep U.S. tariffs on steel and aluminum imports earlier this year.

In a news release summarizing the retaliatory impact on Nebraska agriculture, the Farm Bureau steered clear of any criticism of the president, avoiding even mentioning his name.

image

"International trade is critical to agriculture," Nelson said.

"In most years, the value of agriculture exports will equal roughly 30 percent of the total agricultural commodity receipts or sales for the state of Nebraska."

The economic analysis prepared for the Farm Bureau specifically examined the impact on corn, soybeans and hogs, the products most affected by the retaliatory tariffs.

"The total loss in Nebraska farm revenues due to the retaliatory tariffs ranges from $695 million to $1.026 billion so far in 2018," Jay Rempe, Nebraska Farm Bureau senior economist and co-author of the new report, stated.

"That's roughly 11 to 16 percent of the export values of Nebraska agricultural goods in 2017."

The total loss to the broader Nebraska economy was estimated as high as $1.2 billion. That, Rempe said, is "a significant hit to our state's economy."


Looking forward, the report called for congressional approval of the new trade agreement forged by the United States, Mexico and Canada, along with elimination of the recent U.S. steel and aluminum tariffs.

In addition, the report urged swift action to secure free-trade agreements with Japan and with the European Union, along with U.S. inclusion in the Trans-Pacific Partnership trade agreement or bilateral trade agreements with TPP nations, as well as a multinational approach toward China.

Earlier, in an upbeat a*sessment of the potential for substantial property tax relief, Nelson said "we are turning the corner" in gaining legislative support for meaningful action.

Read more here on the property tax relief proposal
visit this link https://journalstar.com/n .. c3391bcea.html

They not even making enough to cover their property taxes. That's probably also affecting their spending on machinery upkeep.

Previous thread on the effect of the trade war on soy bean growers.
visit this link https://boxden.com/showth .. .php?t=2675035
+7   

41 comments for "Dec 4 - trump's Trade War Has Cost Nebraska 1 Billion, Thousands Of Jobs"

 2 months ago '18        #2
Lord God 68 heat pts68
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In a news release summarizing the retaliatory impact on Nebraska agriculture, the Farm Bureau steered clear of any criticism of the president, avoiding even mentioning his name.

[pic - click to view]




Willing idiots deserve what they get.
+26   

 2 months ago '18        #3
Taco 
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$128 | Props total: 736 736
and those fu*king idiots will continue to vote republic*nts.

this country is such a trash a*s country filled with trash a*s people
+12   

 2 months ago '17        #4
Naga Sadow 22 heat pts22
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#MAGAWinning

+8   

 2 months ago '07        #5
Ham Rove 3535 heat pts3535
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But how owned are the libs though?
+14   

 2 months ago '16        #6
Solo214 
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 Bandito said
Retaliatory tariffs cost Nebraska agriculture $1 billion, report

Retaliatory tariffs triggered by U.S. steel and aluminum tariffs imposed by the trump administration have led to between $700 million and $1 billion in lost farm income in Nebraska this year, according to a report released Monday by the Nebraska Farm Bureau.

Additional costs include between $164 million and $242 million in lost labor income, along with the loss of 4,100 to 6,000 jobs, the economic analysis stated.

"This report provides a clear picture of how much we've lost due to those tariffs and the need to improve our trade relations," Nebraska Farm Bureau President Steve Nelson said.

President donald trump imposed steep U.S. tariffs on steel and aluminum imports earlier this year.

In a news release summarizing the retaliatory impact on Nebraska agriculture, the Farm Bureau steered clear of any criticism of the president, avoiding even mentioning his name.



"International trade is critical to agriculture," Nelson said.

"In most years, the value of agriculture exports will equal roughly 30 percent of the total agricultural commodity receipts or sales for the state of Nebraska."

The economic analysis prepared for the Farm Bureau specifically examined the impact on corn, soybeans and hogs, the products most affected by the retaliatory tariffs.

"The total loss in Nebraska farm revenues due to the retaliatory tariffs ranges from $695 million to $1.026 billion so far in 2018," Jay Rempe, Nebraska Farm Bureau senior economist and co-author of the new report, stated.

"That's roughly 11 to 16 percent of the export values of Nebraska agricultural goods in 2017."

The total loss to the broader Nebraska economy was estimated as high as $1.2 billion. That, Rempe said, is "a significant hit to our state's economy."


Looking forward, the report called for congressional approval of the new trade agreement forged by the United States, Mexico and Canada, along with elimination of the recent U.S. steel and aluminum tariffs.

In addition, the report urged swift action to secure free-trade agreements with Japan and with the European Union, along with U.S. inclusion in the Trans-Pacific Partnership trade agreement or bilateral trade agreements with TPP nations, as well as a multinational approach toward China.

Earlier, in an upbeat a*sessment of the potential for substantial property tax relief, Nelson said "we are turning the corner" in gaining legislative support for meaningful action.

Read more here on the property tax relief proposal


They not even making enough to cover their property taxes. That's probably also affecting their spending on machinery upkeep.

Previous thread on the effect of the trade war on soy bean growers.
One billion ain’t sh*t anymore the war budget a trillion now
+1   

 2 months ago '13        #7
Taree 9 heat pts
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@ @ @ @ @ @ come spin this into a win for your hero.




























Checkmate n*ggas
+7   

 2 months ago '18        #8
Proffesor X 25 heat pts25
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So his policies are affecting the people who supported him the most.......while most of those who hate his guts are benefitting from Pre Obama policies.got to fu*king love it.
+9   

 2 months ago '08        #9
flav 2 heat pts
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well that sucks


[pic - click to view]




@ are you gonna summon us at EVERY thread that mentions Trump?



you dumbfu*k
-2   

 2 months ago '10        #10
Bandito 161 heat pts161 OP
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 Solo214 said
One billion ain’t sh*t anymore the war budget a trillion now
It's a big loss to a single state like Nebraska. Their entire state budget is a little bit below 9 billion. You can't compare them to the feds or even another state like California that has a budget of over 200 billion.
+8   

 2 months ago '12        #11
Heisenberg 139 heat pts139
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 Ham Rove said
But how owned are the libs though?
thats all that matters
+9   

 2 months ago '18        #12
DUCEDUCE 4 heat pts
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Reap what you sow literally.
+2   

 2 months ago '17        #13
Ymmot 10 heat pts10
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 flav said
well that sucks


[pic - click to view]




@ are you gonna summon us at EVERY thread that mentions Trump?



you dumbfu*k
Look at dumbledorf over here talking about summoning spells again. This is your boy @?
+4   

 2 months ago '08        #14
flav 2 heat pts
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 Ymmot said
Look at dumbledorf over here talking about summoning spells again. This is your boy @?
"summoning spells"

you're stuck in the video game lifestyle...


...all the while accusing people of such who just happen to use English


idiot
-1   

 2 months ago '17        #15
Ymmot 10 heat pts10
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 flav said
"summoning spells"

you're stuck in the video game lifestyle...


...all the while accusing people of such who just happen to use English


idiot
You use smilies on an internet forum to laugh at your own jokes. Just saying.
+1   

 2 months ago '17        #16
Rich130 121 heat pts121
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@
@

+4   

 2 months ago '08        #17
flav 2 heat pts
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 Ymmot said
You use smilies on an internet forum to laugh at your own jokes. Just saying.


WOW

what a comeback



+1   

 2 months ago '17        #18
Ymmot 10 heat pts10
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 flav said


WOW

what a comeback



Whoa, did you finally realize you're a real life loser? It kinda feels like you just broke there.
+1   

 2 months ago '08        #19
flav 2 heat pts
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 Ymmot said
Whoa, did you finally realize you're a real life loser? It kinda feels like you just broke there.
feelings again


your boring comebacks are making me sleepy


breaking what? idiot
-1   

 2 months ago '12        #20
OldBusiness 175 heat pts175
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@ that n*gga Hov ain't tell yiu I be right? Find me a blue state taking losses off the tariffs like Nebraska, Iowa, and Missouri.


Hes starving his own people and yall to stupid to say enough is enough.

And @ stop dodging me.n*gga. come in this thread and admit this sh*tfest has to stop. Yall k*lling communities because your heads to far up your a*s to say "okay yall right".

We gone hit a full blown recession.

Billion fu*king dollars for poor a*s Nebraska. This sh*t is sickening.
+10   

 2 months ago '15        #21
MemphisBleek 2 heat pts
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 OldBusiness said
@ that n*gga Hov ain't tell yiu I be right? Find me a blue state taking losses off the tariffs like Nebraska, Iowa, and Missouri.


Hes starving his own people and yall to stupid to say enough is enough.

And @ stop dodging me.n*gga. come in this thread and admit this sh*tfest has to stop. Yall k*lling communities because your heads to far up your a*s to say "okay yall right".

We gone hit a full blown recession.

Billion fu*king dollars for poor a*s Nebraska. This sh*t is sickening.
Now tell me why you mentioned me ?
-1   

 2 months ago '07        #22
stogz 19 heat pts19
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did they vote trump?

if so, congrats to them. They getting what they voted for.
+9   

 2 months ago '18        #23
niruggg 35 heat pts35
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[pic - click to view]

+4   

 2 months ago '04        #24
erickonasis 22 heat pts22
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[tweet - click to view]

+12   

 2 months ago '10        #25
Bandito 161 heat pts161 OP
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 stogz said
did they vote trump?

if so, congrats to them. They getting what they voted for.
He won every county in the state except two. Those two counties are where the two largest cities are. Omaha and Lincoln. The University Of Nebraska is in Lincoln and Omaha is actually a city that employs a lot of tech workers and has the headquarters of a few Fortune 500 companies.

So, all the counties in the state with farms went for trump.
+10   

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