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Rick Newman argues that the new Trump tariffs raise customs revenue, with about $50 billion collected in the first nine months of fiscal 2019, and that part of that revenue funds farmer bailouts. He warns that proposed September tariffs on Chinese goods could add roughly $60 billion a year.
Tariff escalation and the threat of further duties on Chinese imports reduce U.S. export competitiveness for feed grains and oilseeds, which weighs on domestic prices. The article is opinion on fiscal and economic tradeoffs.
finance.yahoo.comRick NewmanAug 12, 2019After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
