The good news for American farmers is that China will buy almost $4 billion more in U.S. agricultural goods this fiscal year versus 2019, according to projections Thursday from Robert Johansson, chief economist at the U.S. Department of Agriculture. The less-good news is that China pledged to buy about $40 billion in U.S. agricultural exports this year, and Johansson forecast that China will purchase about $14 billion. Those numbers aren't exactly comparable — Johansson's projection was for fiscal 2020, which ends Sept. 30.
These new figures, the first released by the USDA since the U.S. and China de-escalated President Trump's trade war by signing a "Phase One" agreement in January, mean "it's either going to be a boom fourth quarter for U.S. farmers, or that extra $12.5 billion in American agriculture purchases promised by China for this year isn't happening," Bloomberg reports. Also, the $14 billion figure doesn't include seafood and ethanol, both included in the Phase One deal.
Agriculture Secretary Sonny Perdue predicted Thursday that China would surpass the $14 billion estimate. Johansson said the X-factors include how long the COVIC-19 coronavirus debilitates China, Brazil's record crop harvest, and how much pork China needs after African swine fever decimated its herds. Outside analysts are skeptical. "There's still a lot of uncertainty out there in terms of 'will the Chinese comply?'" AgResource president Dan Basse told Bloomberg Thursday. If China ends up buying just $4 billion more from U.S. farmers, the U.S. "may have to act in terms of putting additional tariffs back on the Chinese and reinvigorating the trade war."
"Before the Sino-U.S. trade war, China was the largest customer for U.S. ag exports with purchases of around $21 billion a year," notes Successful Farming. After Trump threw up tariffs and China retaliated by cutting back agricultural imports, farmers were hit hard, even with Trump's two huge bailouts. Trump touted the Phase One deal in December, telling farmers to buy "more land" and "bigger tractors" to prepare for a Chinese bonanza. Peter Weber
President Trump told reporters aboard Air Force One on Thursday night that he is considering nominating Rep. Doug Collins (R-Ga.) as director of national intelligence.
The director of national intelligence oversees the 17 agencies that make up the U.S. intelligence community. Since the resignation of Dan Coats in August, there has not been a permanent director of national intelligence; Joseph Maguire has served in an acting role since last year, but on Wednesday, Trump announced he will be replaced by U.S. Ambassador to Germany Richard Grenell.
This is a position that requires Senate confirmation, and Collins is known for being one of Trump's most ardent defenders, a quality that was on display during the House impeachment inquiry. Collins announced earlier this year that he is running for Senate in Georgia against Sen. Kelly Loeffler (R-Ga.), who was appointed by Gov. Brian Kemp (R) to fill the seat vacated by former Republican Sen. Johnny Isakson, who resigned due to health reasons.
Collins entering the race has caused infighting among Republicans, and if he is picked as director of national intelligence, he'll likely drop his Senate bid. Prior to becoming a congressman, Collins worked as a lawyer and served in the military as a chaplain. Catherine Garcia
President Trump is still smarting over remarks Brad Pitt made nearly two weeks ago when he received an Academy Award for his performance in Once Upon a Time in Hollywood.
Trump held a rally in Colorado Springs, Colorado, on Thursday night, and spent a considerable amount of time complaining about this year's Oscars. "How bad were the Academy Awards?" he asked. He was mad that the widely praised South Korean film Parasite was named Best Picture, thinking the honor should have gone to an American movie like 1939's Gone With the Wind, and he shared his irritation with Pitt.
While accepting the Best Supporting Actor statue, Pitt said: "They told me I only have 45 seconds up here, which is 45 seconds more than the Senate gave John Bolton this week. I'm thinking maybe Quentin [Tarantino] does a movie about it. In the end, the adults do the right thing." He was referring to the Republican-controlled Senate voting against letting Bolton, Trump's former national security adviser, testify during Trump's impeachment trial.
Trump did not appreciate Pitt's comments, which were made as millions of people watched around the world. "I was never a big fan of his," Trump said. "He got up, said a little wise guy thing. He's a little wise guy." Catherine Garcia
Former CIA Director John Brennan is very disturbed by a new report from The New York Times, which says last week, members of the House Intelligence Committee were warned by an aide to Acting Director of National Intelligence Joseph Maguire that Russia is actively meddling in the 2020 campaign in order to get President Trump re-elected.
"We are now in a full-blown national security crisis," Brennan said. "By trying to prevent the flow of intelligence to Congress, Trump is abetting a Russian covert operation to keep him in office for Moscow's interests, not America's." Brennan served as CIA director from 2013 to 2017.
The briefing was delivered by Shelby Pierson, one of Maguire's aides known for her blunt delivery, the Times reports. When Trump found out about the briefing, he was livid, and complained that the committee's chair, Rep. Adam Schiff (D-Calif.), will "weaponize" the intelligence against him, a person with knowledge of the matter told the Times. On Wednesday, Trump announced Maguire is being replaced by U.S. Ambassador to Germany Richard Grenell, a Trump loyalist. Catherine Garcia