r/wallstreetbets • u/s1n0d3utscht3k • Mar 03 '25

News Trump Officially Signs 20% Tariffs on China

https://www.barrons.com/news/trump-signs-order-for-20-tariff-on-china-w-house-d6fec57f
23.3k Upvotes

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822

u/Master0643 Mar 03 '25

Orangutan has just told US farmers to "get ready to start marking a lot of agriculture products to be sold in the US". Get ready for 2nd bailout round , puts on farming industry

341

u/PotatoJokes Mar 03 '25

Sell of all stocks now

Buy farmland as the industry starts to crash

Use no money to farm at all as it's becomes too expensive due to tariffs on fertilizer and machinery, and would be a waste

Receive massive bailouts inflating the value of farmland

Take bailout money and sell farmland at profit

Reinvest in stocks

Sounds like a gameplan, boys!

22

u/QwertyPolka Mar 03 '25

I've never heard a potato joke before but that was pretty darn good

4

u/_jump_yossarian Mar 03 '25

Major Major Major's dad was way ahead of his time. Nobody knew how to not plant crops like him.

5

u/movineastwest Mar 04 '25

Made me think of The Grapes of Wrath, whether it's relevant or not.

1

u/afour- Mar 04 '25

whether it’s relevant or no

What do you think

1

u/area-dude Mar 04 '25

Just as adam smith wanted it. You know, to mitigate inefficiencies!

1

u/iPigman Mar 04 '25

Wouldn't be the first time the Feds paid farmers not to farm.

193

u/silverwingsofglory Mar 03 '25

> Get ready for 2nd bailout round

They already announced $30 billion in farm bailouts. We're firing Park Rangers to save money but spending $30 billion on an avoidable trade war.

115

u/smoofus724 Mar 03 '25

Yeah but we get to own the libs

1

u/iPigman Mar 04 '25

What did it cost you?

1

u/Cedric_T Mar 04 '25

The CCP is notoriously liberal.

5

u/Bo-zard Mar 04 '25

And the NPS only has a budget of $3.4 billion.

75

u/das_gingerz Mar 03 '25

The US imports 90% of its Potash fertilizer ( heavily used for planting crops, which is kinda coming up ) from....Canada!

41

u/DM-ME-CONFESSIONS Mar 04 '25

It's okay, it's only going to jump 25% in price tomorrow, then whatever Canada will add as a reciprocating tariff. If Canada is still willing to export potash to the US. They are under no obligation to do so, so things could get interesting if the nice Canadians decide to hit back, and hit back hard.

27

u/bravado Mar 04 '25

Canadian here: Americans can choke and die on our potash if they want to, fine with us

25

u/das_gingerz Mar 04 '25

I'm kinda hoping y'all go extra hard. Shutting off the power to the north East grid would be hilarious.

13

u/SeriousRiver5662 Mar 04 '25

Another Canadian here, I say a 1000% export fee on potash, and then give all the money raised to the Canadian workers who lost jobs due to this shit.

4

u/HomeGrownCoffee Mar 04 '25

I don't know much about Scott Moe, but if he's as petty as Doug Ford, you ain't getting potash.

8

u/Big-Compote-5483 Mar 04 '25

Plan is probably for Belarus to fill the gap - they're already lifting sanctions on russia and I'm sure Belarus will be included in that

2

u/manyhandz Mar 06 '25

Hope you like Beat Borsht and stale black bread boys. Belarus and Daddy Russia are on their way to save you.

64

u/alien_believer_42 Mar 03 '25

The new US diet will be just corn and soy beans

13

u/dreamerOfGains Mar 04 '25

Corn syrup

2

u/iPigman Mar 04 '25

High fructose corn syrup.

11

u/chiswis Mar 03 '25

obesity crisis solved

5

u/DogadonsLavapool Mar 04 '25

As a tofu eater, I'm cool with that

2

u/HomeGrownCoffee Mar 04 '25

Hope you didn't want to season that with something.

6

u/DogadonsLavapool Mar 04 '25

Ah shit most of my seasonings are imported from Asia

8

u/Intelligent_Suit6683 Mar 03 '25

Mathematically speaking, what he is saying is impossible. If we could realistically sell all of our products locally, we would have already done that instead of bailing out farmers. 

I'm actually all for farm subsidies. Because it's fundamentally good to produce a large variety and quantity of food. The only real issue should be how do we get that food to hungry people.

9

u/fartalldaylong Mar 04 '25

USAid did a great job of getting food to poor people and opening up farmers produce to a world market.

4

u/uwu_owo_whats_this Mar 04 '25

Yeah but did you ever think about woke 🧐

2

u/Intelligent_Suit6683 Mar 04 '25

They did and we are all worse off now that they're gone.

5

u/AlexisDeTocqueville Mar 03 '25

The US imports its fruits and vegetables and exports grains. Domestic farmers really will need to switch up what they're growing if we're going to have stable-ish fruit and vegetable prices.

15

u/Intelligent_Suit6683 Mar 03 '25

Not sure why I need to state this, but farmers can't just "switch up what they're growing". This isn't Stardew Valley.

3

u/fartalldaylong Mar 04 '25 edited Mar 04 '25

Why hasn’t Wisconsin been growing avocados abs pinnaples man? They so dumbez

3

u/Lonely-Abalone-5104 Mar 03 '25

Wait til Canada puts tariffs on potash. It will double fuck American farmers

1

u/HomeGrownCoffee Mar 04 '25

You mean "ban export of"?

Because there are, like, 7 people in Saskatchewan. We can pay them to not mine potash.

1

u/Fun-Shake7094 Mar 04 '25

Export tax, tariffs are on the import side.

2

u/kushari Mar 03 '25

Have fun!

1

u/fartalldaylong Mar 04 '25

The funny thing is that we can’t eat what they produce. ISAid is the type of program that really helped large producers of basic staples like corn and wheat.

Lots of rot in the fields and capped markets. Republicans are anti trade now.

1

u/SeriousRiver5662 Mar 04 '25

Better be buyers in the states because Canada stopped buying all their produce from the states last month. Literally all the American produce that grocers bought before the tariffs threat has rotted on the store shelves. Deep deep discounts couldn't get anyone to buy it.

1

u/kamehame6008 Mar 04 '25

Dunno,, sounds like war prep

1

u/Ok-Use5518 Mar 04 '25

I work in grain trade, America est ~20 mln ton of grain export.
Have fun keeping that in country