Analyse @ChrisMurphyCT's tweets
@ChrisMurphyCT
| 1,075,094 followers
Here's some back of the napkin math on China deal:
China agrees to buy $50B of ag products next year, increase of $29B from pre-tariff trade.
Tariffs cost U.S. farmers $11B. Then taxpayers put up $28B in emergency ag payouts.
So...we lost/spent $39B. Gained $29B.
Nice work!
China agrees to buy $50B of ag products next year, increase of $29B from pre-tariff trade.
Tariffs cost U.S. farmers $11B. Then taxpayers put up $28B in emergency ag payouts.
So...we lost/spent $39B. Gained $29B.
Nice work!