Watch / Look All Ways Before Entry / Republican Socialism Is Bad For America
Republican Socialism Is Bad For America · Episode 5
Xinjiang Stores and Subsidized Trade
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Rep. John Moolenaar, Chairman of the House Select Committee on China, called Starbucks' new Xinjiang stores "a shocking and morally bankrupt decision." On the camps, he's right. He also says he's been "fighting against the socialist agenda."
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Then look at the record. Trump's Agriculture Department paid $23 billion to farms and farmers to cover a trade war with China. That money ran through the Market Facilitation Program, funded under Commodity Credit Corporation authority. For 2019 the payment cap doubled to $250,000 per commodity type. GAO found $163.4 million went to 883 high-income farms and 1,164 farmers with adjusted gross incomes over $900,000. Historically underserved farmers got 3.6% of the money. Meanwhile, NBER-summarized research found the tariffs reduced real incomes by about $1.4 billion per month.