President Donald Trump may have thought that defunding the U.S. Agency for International Development (USAID) would only hurt foreigners -- but it turns out he could actually be mistaken.The Washington Post reports that shuttering the agency entirely "threatens billions of dollars the agency spends o...

Summary

Trump’s move to defund USAID is causing unintended consequences for American farmers and businesses.

The Washington Post reports that USAID purchases billions in U.S. agricultural products, with American farms supplying 41% of its food aid.

The funding freeze has already halted $340 million in food shipments, leaving tons of wheat stranded in Houston.

Experts warn this decision directly harms American jobs and businesses, as much of USAID’s aid is administered through U.S.-based organizations employing American workers.

  • Arghblarg
    20·
    5 hours ago

    And on the way down, connected rich people have already shorted select industries’ stocks, then will buy in bigtime after the crash to profit on the long way back up.

    The rich get richer.

    EDIT: the way back up won’t be so long, as theh recovery will be aided by big bailouts (or bail-ins) at the taxpayers’ expense. So we’ll get screwed not one, not two, but THREE ways.