Chris Murphy

@ChrisMurphyCT ↗

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Last Checked March 25, 2021

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Fri Dec 13 16:12:56 +0000 2019

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Chris Murphy @ChrisMurphyCT

Here's some back of the napkin math on China deal: China agrees to buy $50B of ag products next year, increase of $29B from pre-tariff trade. Tariffs cost U.S. farmers $11B. Then taxpayers put up $28B in emergency ag payouts. So...we lost/spent $39B. Gained $29B. Nice work! — PolitiTweet.org

Posted Dec. 13, 2019 Hibernated

Preceded By

Chris Murphy @ChrisMurphyCT

The China trade deal appears to be a total capitulation, as predicted. The trade war cost America 300,000 jobs, and in exchange, in this "deal" China made exactly ZERO hard commitments to structural reform. What a disaster. — PolitiTweet.org

Posted Dec. 13, 2019 Hibernated

Followed By

Chris Murphy @ChrisMurphyCT

Yes, it's a lot more complicated than that. For instance: - Trump tariffs are broader than ag sector - Trump isn't ending all tariffs, meaning we keep losing jobs in other sectors - subsides and lost imports are a little apples/oranges — PolitiTweet.org

Posted Dec. 13, 2019 Hibernated