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Speaker 1: Soybean farmers. Let me tell you the story. Like a

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Speaker 1: lot of American farmers at the moment, they're having a

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Speaker 1: very tough time of it now, soybeans particularly so because

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Speaker 1: most of their product goes to China. So far the season,

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Speaker 1: China has brought no beans. A lot of countries when

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Speaker 1: they can are doing business these days with other countries

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Speaker 1: and avoiding, of course, the American tariff regime. China in

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Speaker 1: particular is caught up in an ongoing shambles around the trade. Generally,

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Speaker 1: so China's gone to Argentina for their soy beans. This

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Speaker 1: has left the people of Minnesota, where most of the

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Speaker 1: beans are growing, with a problem. Now, if you remember

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Speaker 1: when Trump announced the tariffs, the tariffs had apparently no

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Speaker 1: downside apart from a little pain, a little pain at

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Speaker 1: the start, remember that there would be a little pain.

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Speaker 1: I'm assuming losing your biggest soybean customer is the little

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Speaker 1: pain bit. Anyway, the White House response to this is

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Speaker 1: a massive bailout. Billions farmers all over America, from beans

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Speaker 1: to wheat, the corn, are going to get money because

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Speaker 1: they can't sell their products. Now in a country like

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Speaker 1: New Zealand, none of this will come as a surprise,

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Speaker 1: given we've been basically tariff free for years, and we

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Speaker 1: do business on the very simple basis that it cost

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Speaker 1: what it costs to make something, and you sell it

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Speaker 1: to willing buyers for what the market can bear. Need

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Speaker 1: I introduce the butter story at this point. The problem

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Speaker 1: in some cases is if the tariff or barrier is

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Speaker 1: too high into a market, you look for other markets.

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Speaker 1: This is happening a lot in food. Trump, by the way,

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Speaker 1: is also it is reported, looking at some kind of

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Speaker 1: major carve out around car production as well, given there

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Speaker 1: is no car that is truly American made, and they

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Speaker 1: told him this at the start. So the tariff's arrived,

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Speaker 1: the prices went up, the demand went down. I'm assuming

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Speaker 1: even Trump can see that a farmer who grows something

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Speaker 1: that he once sold to the world to make a

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Speaker 1: living but now can't because he's been priced out at

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Speaker 1: the market does not a good economic story make and

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Speaker 1: Wed said farmer then has to earn an income from

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Speaker 1: the government, not the market. Something about the Trump tariff

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Speaker 1: plan doesn't seem to be working. But then there was

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Speaker 1: no shortage of people pointing that out earlier this year.

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