Fact Checking Biden's Claim that Trump's Trade War "led to a surge in farm bankruptcies"

 Newswise
2-Oct-2020 12:00 PM EDT, by Newswise

Fact Check By: Craig Jones, Newswise

Truthfulness: Half True

Claim:

Trump started a trade war that "led to a surge in farm bankruptcies."

Claim Publisher and Date: Joe Biden on 2020-09-21

Speaking in Wisconsin on Sept. 21, 2020, Biden said Trump started a trade war that "led to a surge in farm bankruptcies."  This claim is partly true. Although farmers were particularly hard hit by retaliatory tariffs imposed on the U.S., farm bankruptcies have been rising each year since 2014. Experts say the trade wars were just one factor driving the increase, along with low commodity prices and natural disasters.

As reported by Politifact...

 

The trade wars took a toll

Campaigning as a dealmaker in 2016, Trump promised to renegotiate U.S. trade deals in America’s favor, and once in office he imposed tariffs seeking to achieve that end.

Many countries — including China, Canada, Mexic — as well as the European Union retaliated with tariffs of their own that struck U.S. agricultural products.

Between July 2018 and August 2019, for example, the Brookings Institution reported the U.S. announced tariffs on more than $550 billion in Chinese products, and China retaliated with tariffs on more than $185 billion on U.S. products. U.S. producers were doubly hit since numerous studies showed the U.S. companies primarily paid for the U.S. tariffs.

The toll on farmers was heavy enough the federal government created the Market Facilitation Program, which paid out more than $14 billion to farmers in 2018 and 2019 to mitigate the impact of the trade wars.

Farm bankruptcies rose

Amid this environment, farm bankruptcies did rise in 2019 — the point where you’d expect to see a spike given the trade battles occurring at the time.

That year, 595 family farmers filed for Chapter 12 bankruptcies nationwide, up from 498 filings a year earlier, Reuters and others reported. Chapter 12 is a bankruptcy code created during the 1980s farm crisis to allow family farmers and small fishing operations to keep operating while they work out plans to repay lenders.

Wisconsin led the nation with 57 bankruptcy filings, 16 more than any other state.

But experts say you can’t draw a dark line between the trade wars and the rise in bankruptcies.

Though the jump from 2018 to 2019 was the largest in recent years, bankruptcies have been rising for a while.

After Chapter 12 bankruptcies dropped from 723 in 2010 to 361 in 2014, the number has steadily grown since.

 

MEDIA CONTACT
Register for reporter access to contact details
Filters close

Showing results

110 of 63
Released: 21-Oct-2020 11:35 AM EDT
Trump's claim that House Speaker Nancy Pelosi is to blame for the stalled COVID-19 stimulus legislation is not accurate
Newswise

President Donald Trump has repeatedly blamed the U.S. House Speaker Nancy Pelosi for "not caring about Americans" since she would not agree to his terms for COVID-19 relief aid. We rate these claims as mostly false because they are misleading. According to the New York Times, Senator Mitch McConnell, Republican of Kentucky and the majority leader, told Republican senators privately on Tuesday that he has advised the White House not to strike a deal with Speaker Nancy Pelosi on a new stimulus bill before Election Day.

Released: 20-Oct-2020 5:10 PM EDT
Viral post claiming Dr. Anthony Fauci was indicted is entirely false
Newswise

A Facebook post from May that is newly gaining traction says that Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases and the leading voice of experts in the coronavirus pandemic, has been indicted for treason. This claim is entirely false. Despite President Donald Trump calling him a "disaster," Fauci has not been indicted. There is no news coverage to support this claim, nor any original, credible documents or sources to corroborate it.

Released: 20-Oct-2020 2:45 PM EDT
Trump Mocked Biden for Saying He'll ‘Listen to the Scientists’
Newswise

U.S. President Donald Trump emphasized his stark contrast to his opponent Joe Biden in dealing with the COVID-19 pandemic when he mocked Biden for saying he'll "listen to scientists."

Released: 19-Oct-2020 3:05 PM EDT
Experts haven’t changed their estimates for COVID-19 immunity duration, despite Trump's claim
Newswise

We rate this claim as mostly false. Infectious disease experts did not shift from saying immunity was lifelong to saying it lasted only a few months for partisan reasons. Experts haven’t changed their estimates for immunity duration, which remains unknown. Most agree that it is not a "life-time".

Released: 19-Oct-2020 2:25 PM EDT
Trump misleads on the Bidens involvement in the Burisma investigation at weekend rally
Newswise

This quote is referencing the claim alleging that Biden (then Vice President) pressed to have a prosecutor fired while the prosecutor was investigating Burisma. We rate this claim as False. Trump's statement is projecting misinformation by omiting facts, and omiting the series of events that followed the Ukranian money laundering investigation.

Released: 16-Oct-2020 3:10 PM EDT
New York Post Ukraine Story Defies Logic
Newswise

Unfounded claims and misleading statements earn this New York Post story a rating of False. Several red flags raise doubts about its authenticity, and the allegations have yet to be independently verified and reported.

Released: 16-Oct-2020 1:40 PM EDT
Trump again erroneously claims that Biden wants to raise taxes on "everybody" including “middle income” people
Newswise

President Donald Trump participated in a town hall hosted by Savannah Guthrie of NBC News on October 15 in Florida. He claimed that Biden wants to raise taxes on “everybody” including “middle income” people. This is false. Joe Biden has vowed he won’t raise federal income taxes on anyone making under $400,000 a year.

Released: 15-Oct-2020 11:45 AM EDT
South Dakota governor reiterates false claim that a surge in COVID-19 cases is due to more testing
Newswise

We rate this claim as false. As we mentioned in a previous Fact Check, more testing does not mean that there's a greater posiitivity rate of COVID-19. The number of positive cases is a simple data point: It shows the total number of people who have received positive COVID-19 test results. if this was just a case of more testing, the positivity rate should stay relatively consistent — unless the virus is spreading.

Released: 14-Oct-2020 4:25 PM EDT
Viral social media claim that mask-wearing leads to a higher risk of COVID is wrong
Newswise

An article in the blog "The Federalist" by staff writer Jordan Davidson (and widely shared on social media) claims that a CDC study released in September shows that masks and face coverings are not effective in preventing the spread of COVID-19, and may cause people to become ill. It states a study that showed that the majority infected were mask wearers. It draws this distinction simply because of the fact that the study included many more people who wear masks as compared to people who never wore masks to begin with. The reasoning is flawed since it assumes that masks are mainly intended to protect the wearer from infection.

Released: 14-Oct-2020 3:10 PM EDT
Sen. Rand Paul misleadingly suggested that much of the U.S. population has immunity to the coronavirus due to previous exposure to similar viruses
Newswise

Dr. Anthony Fauci and CDC director Robert Redfield testified on the coronavirus response before the Senate on September 23. In questioning Dr. Fauci, Kentucky Senator Rand Paul misleadingly suggested that much of the U.S. population has immunity to the coronavirus due to previous exposure to similar viruses. But scientists say any possible protection is theoretical and can’t be relied upon to control the pandemic.


Showing results

110 of 63

close
1.32665