United States Senator Ben Sasse says the Trump Administration needs to concentrate on opening markets, not providing bailouts for farmers.
“America’s farmers want to feed the world, they don’t want a bailout,” Sasse tells Nebraska
Radio Network. “So, this is a self-inflicted wound. This isn’t what winning looks like.”
Sasse says the proposed $12 billion in agricultural assistance proposed by President Donald Trump won’t help agriculture as much as dropping the tariffs that spark retaliation from other countries and returning to the negotiation table. Sasse adds that the $12 billion won’t come close to offsetting the losses, claiming the soybean market has lost $9 billion already.
“So, I think we just need to recognize that, historically, trade wars are never won, they’re always lost by both sides and you get people who suffer,” according to Sasse. “And, then, now we’re trying to bail them out, that’s not what farmers in Nebraska want.”
Sasse says the Trump Administration needs to take a step back and determine what its goals are.
“There’s this myth emerging in the country that somehow the U.S. was the big loser in global trade when we created the international trading system and there is no country that benefits more from all the trade that exists on the global stage than the U.S.,” Sasse says.
Sasse says the United States should not play the victim, but should instead work to expand trade with other countries. Sasse says NAFTA needs to be modernized and he says President Trump should be a leading in expanding the Trans Pacific Partnership, rather than walking away from it.
“The administration’s tariffs and bailouts aren’t going to make America great again,” Sasse says. “Tariffs are a big part of how we got the Great Depression. And so, the solution here isn’t to jack up tariffs and then figure out who loses when other countries retaliate against us and try to give them money. I don’t think Nebraskans want Washington bureaucrats picking winners and losers.”