The first casualties of Trump's trade wars are Texas cattle ranchers

jacobfitcher

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Nov 2014
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KYLE, Texas - If the first casualty of war is truth, then the first casualties of trade war are the working man and woman. And first among them is about to be the iconic Texas rancher.

Here in the rolling pastures of bright, green spring grass at the edge of the Texas Hill Country, the handful of large spreads prosper from a wet winter. The short-horned Charolais breed, imported from France via Mexico, grow thick and wide, their white coats bright in the sunshine of impending spring. The Charolais makes for some of the finest grass-fed beef in the world. Now that a years-long drought has broken, ranchers can count on trucking in less of that expensive coastal grass they require in the dry months.

But the Texas cattle rancher now faces a new threat: the Trump administration's blundering, blustering trade policy. By threatening a trade war with Mexico within days of inauguration, the president helped trigger a slide in cattle futures. Mexico is a major export market. By sinking the Trans-Pacific Partnership, the new administration cut off long-sought access to the Japanese market. Now banks have raised the conditions for collateral for loans for ranchers.

The first casualties of Trump's trade wars are Texas cattle ranchers | Commentary | Dallas News
 
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KYLE, Texas - If the first casualty of war is truth, then the first casualties of trade war are the working man and woman. And first among them is about to be the iconic Texas rancher.

Here in the rolling pastures of bright, green spring grass at the edge of the Texas Hill Country, the handful of large spreads prosper from a wet winter. The short-horned Charolais breed, imported from France via Mexico, grow thick and wide, their white coats bright in the sunshine of impending spring. The Charolais makes for some of the finest grass-fed beef in the world. Now that a years-long drought has broken, ranchers can count on trucking in less of that expensive coastal grass they require in the dry months.

But the Texas cattle rancher now faces a new threat: the Trump administration's blundering, blustering trade policy. By threatening a trade war with Mexico within days of inauguration, the president helped trigger a slide in cattle futures. Mexico is a major export market. By sinking the Trans-Pacific Partnership, the new administration cut off long-sought access to the Japanese market. Now banks have raised the conditions for collateral for loans for ranchers.

The first casualties of Trump's trade wars are Texas cattle ranchers | Commentary | Dallas News
Or.....instead of exporting said beef, they sell it here in the US market for a less then it is now. Win Win.... the ranchers sell their product, the US Consumer pays less for beef.
 

NiteGuy

Former Staff
Jul 2011
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There will be many casualties but the war will be won in the end.
Didn't read the entire article, did ya?

The last time a President and Congress thought that trade tariffs with regard to Mexico would be a good thing, Mexico retaliated. Cattle and produce from the US cost us too much to ship across the border, and eventually Congress blinked in the face of farmers who couldn't afford to sell their fruits, vegetables and cattle across the border. Congress blinked, and rescinded the higher tariffs.

So yes, if there is a new trade war instituted by Trump and Congress, it will eventually be won. Just don't count on the US being the winners.

And if things get as bad as they were last time, and Trump and a Republican Congress hold firm this time, expect a huge backlash by those farmers and ranchers who voted for them this time around. There could be a lot of incumbent seats on the line if those farmers and ranchers get angry enough. those jobs are hard enough, and with such thin margins that they won't forget the people who took money from them.
 
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NiteGuy

Former Staff
Jul 2011
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Teardrop City
Or.....instead of exporting said beef, they sell it here in the US market for a less then it is now. Win Win.... the ranchers sell their product, the US Consumer pays less for beef.
That's exactly what happened last time we jacked up tariffs, with disastrous results. Oh yes, the US consumers were cheering. But the ranchers and farmers were not, since they had to sell their product in most cases, at a loss, just to get anything for it, and out of their fields before the produce spoiled.

How long do you think they are going to be willing to do that?
 
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That's exactly what happened last time we jacked up tariffs, with disastrous results. Oh yes, the US consumers were cheering. But the ranchers and farmers were not, since they had to sell their product in most cases, at a loss, just to get anything for it, and out of their fields before the produce spoiled.

How long do you think they are going to be willing to do that?
So you are contending that tariffs have never worked then?

That is your position or are you just selectively picking times that fit your argument?
 

TNVolunteer73

Former Staff
Nov 2014
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TN
KYLE, Texas - If the first casualty of war is truth, then the first casualties of trade war are the working man and woman. And first among them is about to be the iconic Texas rancher.

Here in the rolling pastures of bright, green spring grass at the edge of the Texas Hill Country, the handful of large spreads prosper from a wet winter. The short-horned Charolais breed, imported from France via Mexico, grow thick and wide, their white coats bright in the sunshine of impending spring. The Charolais makes for some of the finest grass-fed beef in the world. Now that a years-long drought has broken, ranchers can count on trucking in less of that expensive coastal grass they require in the dry months.

But the Texas cattle rancher now faces a new threat: the Trump administration's blundering, blustering trade policy. By threatening a trade war with Mexico within days of inauguration, the president helped trigger a slide in cattle futures. Mexico is a major export market. By sinking the Trans-Pacific Partnership, the new administration cut off long-sought access to the Japanese market. Now banks have raised the conditions for collateral for loans for ranchers.

The first casualties of Trump's trade wars are Texas cattle ranchers | Commentary | Dallas News
Just mean that more americans will have red meat in their homes.. wow. just think, Poor Children getting one of the best sources of red meat served up on their tables..

You see, one market dissappares opens the door to a new market.

Americans getting good paying jobs in the US, will have money to buy more steak and roasts.. isn't capitalism grand.

All those unemployed UAW workers, will need their Steaks so they can build those american Cars in America.

Wonder which those TX Ranchers would rather have in their pockets, Dollars are Pesos
 
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Nov 2007
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But the Texas cattle rancher now faces a new threat: the Trump administration's blundering, blustering trade policy. By threatening a trade war with Mexico within days of inauguration, the president helped trigger a slide in cattle futures. Mexico is a major export market. By sinking the Trans-Pacific Partnership, the new administration cut off long-sought access to the Japanese market. Now banks have raised the conditions for collateral for loans for ranchers.
Texas ranchers, though, will not be alone for long. Beef producers from Nebraska to the Dakotas face the same problems. So do grain farmers in Kansas and the snow-covered corn fields of Iowa, just like tomato farmers in California and Florida and autoworkers in Michigan, longshoremen, truckers and railway workers in Miami and Houston and Long Beach. These will be the first casualties of a trade war.
Yeah, it's great. Another giant step by Trump to wreck the economy. The only beneficiaries will be Trump's banking buddies.

Regards,

Bourne
 
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TNVolunteer73

Former Staff
Nov 2014
33,633
8,724
TN
Yeah, it's great. Another giant step by Trump to wreck the economy. The only beneficiaries will be Trump's banking buddies.

Regards,

Bourne
Yep. Creating full time jobs so americans can afford to by american beef... Terrible terrible.. Getting all those americans off welfare and making Union wages, THE HORROR.. ... they can buy Beef from TX with DOLLARS and the RANCHERS WILL BE ROLLING IN DOLLARS instead of Pesos.


The worst nightmare for a liberal is having to go to work.. and having working people buying AMERICAN BEEF..