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Trade War: "The Fruit Of A President's Folly"

TIPTON, IA - JULY 13:  Corn and soybeans grow on a farm on July 13, 2018 near Tipton, Iowa. Farmers in Iowa and the rest of the country, who are already faced with decade-low profits, are bracing for the impact a trade war with China may have on their bottom line going forward.
Scott Olson/Getty Images
TIPTON, IA - JULY 13: Corn and soybeans grow on a farm on July 13, 2018 near Tipton, Iowa. Farmers in Iowa and the rest of the country, who are already faced with decade-low profits, are bracing for the impact a trade war with China may have on their bottom line going forward.

On Sunday, The Des Moines Register ran a four-page advertising supplement “paid for and prepared solely by China Daily, an official publication of the People’s Republic of China.”

Its message? That the trade war’s impact on soybean farmers in Iowa is “the fruit of a president’s folly.”

It calls the trade war with Trump the “fruit of a president’s folly.” pic.twitter.com/shDAOZlC3X

— Jennifer Jacobs (@JenniferJJacobs) September 23, 2018

China has purchased ads in U.S. newspapers before. But what to make of the four-page spread, in light of the escalating trade war?

From Axios:

This isn’t the first time the state-owned China Daily has bought ad space in a U.S. publication. It has frequently done so in The New York Times and The Washington Post, among others, but its shrewd targeting of The Des Moines Register appeals directly to America’s heartland, which data suggests has the most to lose [sic] from from an extended trade war.

We’ll discuss the significance of China’s latest trade tactic, and how the trade war is impacting farmers across the U.S.

*Show produced by Morgan Givens, text by Kathryn Fink*.

GUESTS

Shawn Donnan, Senior writer, Bloomberg; former world trade editor, Financial Times; @sdonnan

Phil Levy, Senior fellow on the global economy, Chicago Council on Global Affairs; former senior economist for trade for President George W. Bush’s Council of Economic Advisers and former member of Secretary of State Condoleeza Rice’s Policy Planning Staff (2003-2006); @philipilevy

Ryan Findlay, Chief Executive Officer, the American Soybean Association; @farmit

April Hemmes, Soybean and corn farmer in Iowa; board member, United Soybean Board; @aprilhemmes

For more, visit https://the1a.org.

© 2018 WAMU 88.5 – American University Radio.

Copyright 2018 WAMU 88.5

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