Senator Marshall: One of the Most Successful Presidential Trips in U.S. History
Senator Marshall Joins RFD-TV to Discuss China, Trade, Tariffs, & The Schumer Shutdown
Washington – On Thursday, U.S. Senator Roger Marshall, M.D. (R-Kansas), joined RFD-TV’s Market Day Report to discuss President Trump’s trip to Asia, the trade deals he secured, whether China will honor the agreements being made, the impact of tariffs, and the ongoing Schumer Shutdown.
Click HERE or on the image above to watch Senator Marshall’s full interview.
On how effective President Trump was in Asia during his trade trip:
“No, no, it can’t. I think this is one of the most successful trips that a United States President has ever made, from an economic standpoint as well. Whether it was in Southeast Asia, Japan, and then the big news out of China, right? So, thanks to President Trump, his outstanding folks who are helping him. Ambassador Greer. Treasury Secretary Scott Bessent as well. This can mean $15 billion a year to American soybean farmers, about $15 billion a year of sales to soybean farmers. Probably $2 billion of sales in the sorghum industry as well.
“So, you know, your listeners, I’m sure they understand this, is that China buys about 40 to 50% of our soybeans annually on a typical year, and then, along with the sorghum, they’re probably buying 80 or 90% of it. So this is huge news. And we’ll rely upon President Trump to enforce this trade agreement. That’s what’s so important. For the last four years, we didn’t have a person in the White House who enforced the trade agreements.
“One last point, I think, now that China is starting to buy, especially the sorghum, you’re going to see Mexico move as well. The prices are going to start coming up, and that’s going to force Mexico to buy some more sorghum.”
On whether China will stick to the deals being made:
“Well, they typically never have, right? They never have unless Donald Trump was the President. I think that he is the main card here. That he has shown exactly what he’s willing to do. That he’s gone in there and he’s bargained from a position of strength. Y’all remember the TPP, the Trans Pacific Partnership? The whole idea is that we would pick up all the pieces around China, all their other trade partners. Well, basically Trump did it, and he’s going to stop their trans shipment, where they send T-shirts to Vietnam and and then Vietnam sells them and gets them in here to a lower tariff.
“So, Trump gets this. He’s got sharp people around him, Ambassador Greer, I mean, just an ultra-sharp guy. Scott Bessent is one of the sharpest people I’ve ever met as well. So I think that we’ve got our thumb on him right now, and it’s just so, so important who’s in the White House to enforce these trade agreements.”
On what impact a reduction in tariffs will have on the United States:
“Well, you know, it’s, of course, it’s somewhat complicated. I think most importantly, these tariffs have led to more American manufacturing, and that we’re going to start making our own aluminum, our own steel. We’re going to be making more of our pharmaceutical ingredients. We are moving more of the rare earth minerals here as well. So, I think that’s what the tariffs have done is given it, most importantly, a chance for American industry to start once again and not let China come in and undercut us.
“Whenever they started doing rare earth minerals here in America, or in the Americas, China comes in and undercuts them and runs them out of business as well. You know, I do hope input costs come down; that’s probably the big one I’m thinking there. Soybean prices are what, over $10 a bushel? That used to be a pretty good price, but with input costs today, it’s not so. I’m hoping as these tariffs stabilize, the input cost for my farmers will come down and interest rates. Remember interest rates, that’s so important. An average farmer in Kansas has a million-dollar operation loan. So, we’re seeing interest rates got cut again yesterday. So, that’ll have a big impact on our input cost. You have to look at all this, you can’t look at anything in silos.”
On why China needs to purchase American energy:
“Yeah. You know, so many of my farmers actually are in the oil energy field as well, right? So the cost or the price of a barrel of oil, even though it may not be good at the gas station, it’s good for a lot of my farmers and ranchers as well. So look, China has to purchase natural gas from somebody, that’s really what we’re talking about, and oil.
“So rather than from Russia, hopefully they’ll be buying it from Alaska. The trip from Alaska to China is not nearly as far as it is from a Kansas oil well. And overall, that’ll bring the price of oil up a little bit and stabilize it. The good news again, a promise made, promise kept: the price of gasoline back home $2.50 a gallon, diesel is coming down as well for my farmers and ranchers.”
On what will happen next with the Schumer Shutdown:
“Yeah, I think that this is a big inflection point this weekend. As we see the SNAP program end, that’s going to impact 42 million Americans in blue states, red states as well. I think that the TSA and the air traffic controllers missing their second paycheck, Head Start shutting down, WIC running out of money – I think this is about to come to a head. Hopefully, my friends across the aisle will open government again. They’ve had 13 chances so far to vote to do that. And then I’m very happy to address any issues that they want to address. So maybe an inflection point this weekend.”
###
Contact: Payton Fuller
