11 minutes
Disruptive. That is what MAGAs like to think of themselves as. Their goal is to disrupt things that are the normal way things are done so they can create opportunities for themselves and their buddies to make some grift when that normalized routine is disrupted. But the people and countries who have built lives around playing by the rules are not going to just sit by and let a tinpot strongman have his way without a fight.
Thus we have what were once two of the United States’ biggest trading partners and allies bonding over a new common enemy – the US. Countries have own stability and consistency to deal with. Reliability and dependability are the price of admittance.
I heard on the radio while on an errand that as of July 31st that the US had no grain contracts for the year. Usually at this time we have 1/2 of the year’s contracts in force, but no one trusts us to deliver at a stated price so they are looking elsewhere. Sadly, I have been unable to find that story. But the following video is in the same vein (21 minutes):
As noted in this video, the midwest will be hurt big time. Will farmers once more be looking to DC and the Trump administration for a huge, huge bailout as they did during the first Felon in The White House Administration (FIWH)?
We must also note that once we have lost the trust of our customers it will be hard to re-establish our reputations. Would you shop at a store where prices, policies and reliability were at the whim of the company leader? I suspect most of us would raise a finger in their direction and drive on down the road.
Corn is certainly not the only commodity the FIWH’s policy is hurting. As note above Canada and Mexico are working together to drop the US from their trade as much as possible. And of course Canada and Mexico are hardly the only countries seeking alternatives. China is very actively combing all alternatives.
If you haven’t heard, Brazil President Lula de Silva has essentially refused to be shaken down by the FIWH. While it may be impossible for countries to totally cut off trade with the US, they can certainly cut back. When they find new customers and suppliers that are reliable, those countries will be hard pressed to re-establish previous trade ties.
Therefore after the FIWH has trashed our former systems, it will be very hard to build them again. Who would trust us? After the FIWH is finally removed what’s to say a carbon copy of him won’t be elected in two or three elections? Now that we have breached the line in the sand we will not be trustworthy again for a long time. Not when another countries safety and security depends on us.
Paul Krugman had a great quick analysis of the FIWH’s trade positioning at the current moment in his substack email Thursday:
The Emperor’s New Trade Deal
Tariffs are bad. A deluded president is worse.
On Tuesday Donald Trump went on CNBC to explain why the European Union is facing a tariff of “only” 15 percent. But what he said was simply delusional — and the delusion should be even more concerning than the tariffs.
The Europeans, Trump asserted, had agreed to cough up $600 billion, which he described as a “gift,” not a loan. And he emphasized that this is “$600 billion to invest in anything I want. Anything. I can do anything I want with it.”
So Trump apparently believes that the European Union has agreed to provide him with a personal $600 billion slush fund. (note: my bolding – ed.)
In fact, as I pointed out after the “deal” was announced, the EU agreed to no such thing. In fact, it literally couldn’t have made such an agreement. European nations aren’t command economies in which government can tell the private sector where to invest, and in any case the European Commission, which negotiated with Trump, can’t tell the governments of member states what to do.
So think of it as the emperor’s new trade deal: Trump is strutting around, feeling very impressed with himself, but in substantive terms he’s stark naked.
Does it matter? I’ve seen some commentary to the effect that it doesn’t. Hey, it’s just another Trumpian self-aggrandizing fantasy, like his belief that we have zero inflation, he has a 71 percent approval rating and “people love the tariffs.”
But I don’t think we should feel reassured about Trump’s trade delusions because he’s lost touch with reality across the board.
Democrat Emphasizes Farm Recession and Need to Revitalize Rural Communities by Prioritizing Main Street Over Monopolies



