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Will Trump crash the farm economy?

Donald Trump won over 60 percent of the 2016 vote in rural Iowa, where I live, and I haven’t heard much concern from Republicans over the president’s alleged infidelities with a porn actress, his ties to Russia or Jared Kushner’s real estate shenanigans. Or, for that matter, much concern about the administration scandals about wife beaters, Saudi princes, Ben Carson’s table or Scott Pruitt’s soundproof room. Many people don’t even know these scandals exist — they generally don’t lead in Sean Hannity’s or Tucker Carlson’s world.Sure, there is a little rumbling about the increased deficit, but not much. Besides, it’s the fault of Congress, in particular the Democrats.But people here — Republicans and Democrats alike — are paying great attention to what President Trump is doing economically, especially since he started in on tariffs. We have a strong manufacturing base in our county; when tariffs on aluminum and steel were announced, local manufacturing leaders tried to be diplomatic, praising the Trump tax cuts but saying the steel and aluminum tariffs would hurt their businesses by driving costs up.One smaller manufacturer — a Trump voter — told me that his costs to produce his product nearly doubled overnight, and that his business has already been hurt by the tariffs. Prices didn’t rise only after the tariffs were announced; they started rising when Mr. Trump floated the idea.But it’s the farm economy that rural Iowans are paying particular attention to. When the president first proposed a 20 percent import tax on Mexico to pay for his wall, Iowans objected: Mexico is our second-largest export partner after Canada.Mr. Trump has waffled on the renewable fuel standard before — ethanol is big around here — and Iowa’s entire congressional delegation and the governor’s office pressured him to renew it. We know he will waffle again, and potentially end it. Most recently, when Mr. Trump imposed $60 billion in tariffs and sanctions against China, the Iowa Soybean Association said his action “poses an immediate and grave threat to their industry and Iowa agriculture.”

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The New York Times
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