How about those beans!
By Winterishere
@thedevilinme (4560)
Northampton, England
September 14, 2025 4:52pm CST
Trump decided to slap huge tariffs on China. China decided not to source its soybeans from lalalalala America this year as it was too costly to buy them beans, normally 40% of soybean US exports. They sourced them from Argentina and South America instead, some $14 billion dollars of lost business in the U.S. I suspect this is repeated across multiple industries. It also would not surprise me if Trumps clan will be hedging against the soya market to cash on on that slump. The guy is beyond help as his ego runs wild.
5 people like this
6 responses
@celticeagle (183132)
• Boise, Idaho
15 Sep
Them beans, them beans them beans. I'll be so glad when he is GONE. Four more years plus of his stupidity is too much.
2 people like this
@jaylar (2751)
• Kingston, Jamaica
16 Sep
@allknowing the opposition is virtually silent
1 person likes this
@crossbones27 (51796)
• Mojave, California
14 Sep
To be honest Trump does not care he does even know what soybeans for, not happy meals from Mcdonlads. those can get tarifffed lol
2 people like this
@ptrikha_2 (48852)
• India
28 Sep
In today's world, if someone thinks that just by imposing 50%, 100% or for that matter 155.66% tariffs would make countries bend down, they are mistaken.
In worse case, countries could approach Multi Lateral Aid agencies for loans.
Or issue International or National Bonds.
Or get propped up by Russia, China etc.
Trump could have followed a negotiated and gradual process but he didn't.
Yet US seems to have done a deal with UK on Trade.
I have not gone through the fine print yet.
@allknowing (153926)
• India
15 Sep
Trump has not realised all those tariffs will boomerang on Americans.
1 person likes this
@jaylar (2751)
• Kingston, Jamaica
15 Sep
When I was a little kid a business man explained to me how he buys goods, how he sets prices for the sale to customers. Basically it was 5 to 1. Spend $1 on the goods. Transport them, have workers, pay utilitis, put something aside, and take $1 as profit.
If the price of the goods, or the transportation or labour costs go up, that rise is passed on to the customer.
1 person likes this
@jaylar (2751)
• Kingston, Jamaica
15 Sep
When he put the tariffs on in his first term America was stuck with the soy beans. We dove in, got them for pennies, fed them to chickens and the price of chickens went waaaay down.
China also bought our lobsters.
It currently buys its soy from Brasil.
1 person likes this
@jaylar (2751)
• Kingston, Jamaica
16 Sep
@allknowing he has no idea and no one tries to correct him
