Trump tariffs cause another US bankruptcy

This time it is Hanson - Mueller, a large grain operator in the Midwest.


The impact of Trump tariffs continues to get wider and deeper. Trump says he is the only one that understands tariffs.


Topic question: Would the USA be better off with no Trump tariffs ?




Please no simpleton replies such as:
- the Democrats caused it

I thought Hansen-Mueller was suspended from doing business as a
grain dealer in Nebraska on Oct. 24, following Nebraska Public Service Commission (PSC) Grain Department investigation into complaints that the company failed to pay multiple farmers.

They back in business already?

Not sure what your point is. CEO mentioned the tariffs were a major factor in the decision to
declare bankruptcy.


The thread is about the tariffs.

..The thread is about the tariffs. Originally Posted by VitaMan

Oh! I thought it was about Hansen-Mueller. Leastwise it was mentioned in the OP. I don't personally know their CEO.

This time it is Hanson - Mueller, a large grain operator in the Midwest.
The impact of Trump tariffs continues to get wider and deeper. Trump says he is the only one that understands tariffs.
Topic question: Would the USA be better off with no Trump tariffs ?
Please no simpleton replies such as:
- the Democrats caused it Originally Posted by VitaMan

Trump should have gone with selective tariffs, not blanket.

However, the Hanson - Mueller tarriff thing is BS (see below)

I thought Hansen-Mueller was suspended from doing business as a
grain dealer in Nebraska on Oct. 24, following Nebraska Public Service Commission (PSC) Grain Department investigation into complaints that the company failed to pay multiple farmers.
They back in business already? Originally Posted by Why_Yes_I_Do

Nebraska reinstated HM after paying various Nebraska farmers 2.1 mill. But then the bankruptcy filing.
Minnesota and Texas are also after them.

Anyone owed funds from that group needs to file bankruptcy claims ASAP.
BTW, we know a couple outfits that have been burned by these a-holes.

NOTE: Their bankruptcy filing vaguely mentions tariffs but that's a misleading self-serving comment.

Their issues started a couple years ago with bad plays in the commodities market and several failed business ventures. Big difference between a couple years ago, and a few months ago.

I have a list of the crap as one of the co-ops that got burned asked for advice.

This is one of hundreds, or thousands of bankruptcies that would not have happened without Trump tariffs.


Again for those who want to divert from the topic, the topic is:



Topic question: Would the USA be better off with no Trump tariffs ?

Nope, would continue to get worse.
Trade deficits, damage to US industries getting under priced, etc.

I'll quote a critical comment from above:

Trump should have gone with selective tariffs, not blanket. Originally Posted by Unique_Carpenter

This is one of hundreds, or thousands of bankruptcies that would not have happened without Trump tariffs.


Again for those who want to divert from the topic, the topic is:



Topic question: Would the USA be better off with no Trump tariffs ? Originally Posted by VitaMan

the real question is should the US allow unfair tariffs by foreign nations?


NO

Not sure what your point is. CEO mentioned the tariffs were a major factor in the decision to
declare bankruptcy.


The thread is about the tariffs. Originally Posted by VitaMan

the CEO can blabber all he wants. tariffs aren't why he ran the company into the ground.

this website dedicated to the agricultural industry makes ZERO mention of tariffs


https://www.agweb.com/news/business/...rs-should-know


this outfit was in financial trouble well before Trump. Tariffs and Trump had nothing to do with the collapse of this clearly poorly run company.