We were just in Nebraska. Farmers there are anticipating a loss of a lot of money in the short run. They still lean in favor of Trump, but this has them feeling nervous.
I never heard ANYONE complain when textiles were off shored and hundreds of towns in the south were turned into ghost towns. Where were the lamentations then?
Someone will buy the soybeans, US buyers, the Chinese, or the Europeans. If Brazil is smart, they will buy the soybeans and sell them to China with a markup. Hopefully the tariff will be just slightly less than what it would take someone like the Germans to buy a lot of soybeans and ship it to Germany, then by rail through Russia to China.
There’s $12 billion on tap to carry them over while they wrangle this out the last time I looked.