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| We have technology and Ag commodities. Big trading partners have large labor pools. Labor gets money from manufacturing, tariffs reduce demand for labor, hence reduced profits. ....These countries now have less $ to buy Ag commodities.
This is current reality. The dollar is losing value, It had better keep losing value. That is the only way to be making our Ag easier to purchase.
Tariffs, for the US, are mostly a way to try to increase demand for labor here.
I think Ag salvation will come from currency value changes. | |
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Real world economics
