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Trump officials delayed farm trade report over deficit forecast - POLITICO

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Policymakers, farm groups and commodities traders rely on the closely watched report, which the Agriculture Department issues quarterly, for its analysis of imports and exports of major farm commodities including cotton and livestock. The highly unusual rollout could raise questions about potential political meddling with government reports that have traditionally been trusted for decades.

“Objectivity is really key here and the public depends on it,” said Joe Glauber, a former USDA chief economist. “To lose that trust would be terrible.”

A USDA spokesperson blamed the delay on an internal review.

“The report was hung up in internal clearance process and was not finalized in time for its typical deadline,” said USDA spokesperson Alec Varsamis in a statement. “Given this report is not statutory as with many other reports USDA does, the Department is undergoing a review of all of its non-statutory reports, including this one, to determine next steps.”

It’s not clear when or if the written analysis portion will be released.

The previous forecast, published in February, projected a deficit of $49 billion for the current fiscal year, an increase from the November 2024 report. The new analysis revises the projection to a record $49.5 billion, beating the previous record of $31.8 billion in fiscal 2024.

Republicans used the quarterly report’s rising trade deficit projections during the Biden administration to accuse then-Secretary Tom Vilsack of not doing enough to promote U.S. farm exports. Agriculture secretaries historically have used the forecasts to promote policy initiatives.

The May report reflects Trump’s on-again, off-again tariffs, the people said. The president has announced sharply higher tariffs on China and “reciprocal” levies of at least 10 percent on most U.S. trading partners.

Tariffs are not the only contributing factor to any trade deficit or surplus, Glauber said. Americans’ love for blueberries year-round, loyalty to French wines and addiction to goods like coffees — which the U.S. largely does not produce — also contribute. A strong dollar can also widen the deficit.

“What we’re importing is largely not what we’re exporting,” he said, noting that prices for common U.S. agricultural imports, such as wine and liquor, are not as volatile as the nation’s agricultural exports like soybeans.

Two federal courts last week halted and then allowed the reciprocal tariffs to proceed, a back-and-forth that only added to the uncertainty for farmers and businesses. Farmers are facing a more difficult economic outlook than they did during Trump’s first term: Some foreign markets have permanently shrunk and higher inflation has crimped farmers’ bottom lines.

Agriculture Secretary Brooke Rollins has strongly defended Trump’s tariffs, arguing that imposing them is essential to removing barriers to U.S. exports, including non-tariff barriers.

She is leading a trade delegation to Italy this week, and has several more trips planned later this year to promote American agricultural commodities.

Doug Palmer contributed to this story.

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mareino
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The Streisand effect on trade policy
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acdha
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Washington, DC
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Trojan Horse

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Ultimately, history would imperfectly record the story of the Foal of Troy.
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mareino
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Washington, District of Columbia
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alt_text_bot
1 day ago
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Ultimately, history would imperfectly record the story of the Foal of Troy.

Virginia activist charged with vandalism after drawing crosswalk at intersection

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Charlottesville safety campaigner used chalk to draw crossing near intersection where woman was fatally hit by car

After officials in Charlottesville, Virginia, reportedly ignored his pleas to implement a pedestrian crosswalk at a dangerous intersection, traffic safety activist Kevin Cox drew a crossing with chalk.

Authorities responded by covering Cox’s handiwork with black paint and charging him with vandalism in a case that evidently demonstrates how acrimonious relations can sometimes get between local government bureaucrats in the US and those who say they are trying to hold them to account.

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mareino
1 day ago
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Weaponized idiocy by those police officers
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freeAgent
1 day ago
So, in the end, they painted the crosswalk. They just painted it the wrong color. Great work, folks!
hannahdraper
2 days ago
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JFC people
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The ultimate legacy of our lives

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"Assuming 128 grams a day and a lifetime in the vicinity of seventy-five years, you’ll leave behind around three and a half metric tons of feces when you die. The volume of your urine will be closer to thirty-eight thousand liters, a bit larger than a standard twenty-foot shipping container and about double the accumulated volume of your flatulence. You’ll have made hundreds of liters of tears, though even for the most emotive of individuals, the portion derived from feelings will represent a minuscule fraction of that number. For all the hullabaloo surrounding ejaculation, the total semen production of even the most alacritous masturbator could be contained handily by a shelf of two-liter soda bottles, and though a period sometimes seems as though it will never end, you could only barely paint a closet with the three or so liters of menses produced during a lifetime. You’ll have made a great deal of mucus, though, close to a hundred thousand liters. And when Atropos snips the thread of your life, the hair from your head, measured as a single strand, will stretch more than three and a half million feet. This is what you will leave behind.

Of course, you’ll leave behind another thing: your body itself. It’s uncomfortable to think of the body in this way, in the same category as feces and hair, but despite the desires of countless theologians, the trajectory of your body’s final journey will be less like the fiery passages of the stars and more akin to those meandering pilgrimages taken by your feces and urine, your blood and vomit and tears. It will become something that must be dealt with, something that must be disposed of. We may disagree over the existence and nature of an afterlife, but not about the stench of rotting flesh...

What, if anything, remains? In the most purely physical sense, your body contains about five hundred megajoules of energy, enough to run a sixty-watt light bulb for one hundred days or to drive a midsize sedan a mile, or, to put things in dietary terms, roughly 120,000 calories, the equivalent of a hundred Big Mac combos. This energy, stored in the form of chemical bonds—namely as molecules of glucose, protein, and fatty acids—will remain intact after you die. It needs only to be converted into adenosine triphosphate to continue its chemical journey in the shape of another. Since no single creature will be capable of digesting your body in its entirety, the scavenging of this energy will take the form of a vast buffet. The glucose in your thigh muscle might be catabolized via glycolysis by a rat while a fungus might hydrolyze the proteins in your skin. The real prize at this feast, however, will be those molecules that most efficiently store energy, your fatty acids, so that the caloric orgy reaches its apotheosis in that fattiest of all your organs, that thing which seemed most you: your brain..."
Excerpts from "Mortal Coils," in turn excerpted from Earthly Materials by Cutter Wood, via the April 2025 issue of Harper's Magazine.  Posted for me for future reference re the meaning of life and humankind's role in the cosmos.
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mareino
2 days ago
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I find it amusing that an Imperial measurement snuck in there, especially because 3.5 million feet is more elegantly called 1 megameter.
(OK, also the energy section is also Imperial, but that's just explaining 500 MJ to us Americans.)
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A YIMBY Theory of Power

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mareino
3 days ago
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"I’m continually mystified that so many of YIMBYism’s critics identify with the anti-monopolist left—even though opposing YIMBY reforms means preserving the market power of incumbent landlords and developer cartels."
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If You're So Smart, Why Can't You Die?

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mareino
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