President trump’s efforts to placate the farm lobby misguided (market watch)

Market Watch published an op-ed in which IFPRI Senior Research Fellow, Joe Glauber, warns of the potential implications should President Trump compensate farmers to facilitate a trade war with China. Glauber argues that while this strategy may cushion the blow of the US$12 loss to the agricultural sector, it is a short term solution that can pose a considerable cost to taxpayers, and does little mitigate the shocks on the U.S. economy as a whole. “Such policies set a dangerous trade relations precedent for the future,” he said. (Photo credit: United Soybean Board)