Politico reports South Dakota governor says Trump trade wars have 'devastated' the state

“South Dakota has been devastated by the trade wars that are going on,” Noem said at POLITICO’s State Solutions Conference, noting that agriculture is “by far” the largest industry in the state.

“The problem is that this has gone on now for a long period of time,” she said. “And farmers are used to risk, they’re used to prices going up and down and having that, but this sustained low commodity prices, frankly, is driving a lot of family businesses out of business. That is why we need to have some serious consideration for wrapping this up quickly.”

This is one of the reasons to expect a deal in March. The farm states have been clobbered.

RECOMMENDED ARTICLES

I further expect Trump to brag about the "best trade deal in history". In practice, any deal may do little more than return to the status quo. Alternatively, the trade gap with China my close a bit but widen elsewhere.

With $1 trillion or more budget deficits as far as the eye can see coupled with the US dollar reserve currency status, it is unrealistic to expect Trump to close trade deficits no matter what China agrees to do on paper.

Mike "Mish" Shedlock

Currency War or Trade War? Two-Edged Dilemma for US and China

Does China (Trump) want to fight a trade war or a currency war?

Who Will Win the Trade War? Some Say China, Others Say Trump

Stories abound regarding who will win Trump's trade war with China. Trump? China? Neither? Both?

Investigating Trump's Trade War Through the Eyes of China

Let's take a look at how China sees the escalation of the trade war as described by the Xinhua News Agency in Beijing.

Trump and China to Sign Trade War Ceasefire on Wednesday

On Wednesday, the US and China will sign a compromise deal that will calm but not end a two-year trade war.

Car Manufacturers Caught in Crossfire of Trump's Trade War

The global repercussions of Trump's trade wars have a new casualty: US and European car manufacturers.

Trump Tweets "Trade Wars are Good and Easy to Win"

In one Tweet, Trump proves he understands neither trade math nor trading partner psychology.

Coronavirus Simulating a Full Blown Trump Trade War

Trump likes trade wars. Well, this is what happens when borders close.

Trade War Hits Home: Trump's Asinine Protectionism

On MSNBC’s Morning Joe, Steven Rattner presented charts showing how the fallout from Trump’s trade war is coming home.

Trump's Trade War With China: The US is Not Winning

Think trade wars are easy to win? Think again.