Type: Political FailuresApr 16 2019 Severity: About: China
& Free Trade
Donald Trump has caused a "wave of farm bankruptcies" due to his ill advised trade war with the Chinese government, which has had the exact opposite effect Trump promised when he initiated it. Since Trump began his trade war with China, exports began to drop and inventories have piled up. Trump responded by directly paying farmers in cash, but that hasn't had much of an impact and farmers have been declaring bankruptcy throughout the country. On the other hand, China has largely escaped any negative consequences from Donald's trade war.