Latest / Prestons Super Show / President Trump Unveils $12 Billion Farm Aid Package-No More Complaining Devotional-China's Trade Surplus Hits $1 Trillion
Transcript
- 0:01President Trump unveils a $12 billion farm aid package, $11
- 0:07billion is set aside for the US Department of Agriculture's
- 0:12Farmer Bridge Assistance Program, which the White House
- 0:16says will offer one time payments to farmers for row
- 0:20crops. Soybeans and sorghum were hit
- 0:25the hardest by the trade dispute with China because more than
- 0:29half of those crops are exported each year, with most of the
- 0:33harvest going to China. The rest of the money will be
- 0:38for farmers who grow crops not covered under the Bridge
- 0:43Assistance Program. The money is intended to offer
- 0:48certainty to farmers as they market the current harvest as
- 0:53well as plan for next year's harvest, which they will be
- 0:57doing without the Farmer's Almanac.
- 1:01During a conversation with a friend about New Year's
- 1:04resolutions, I brought up my New Year's strategy for the year
- 1:082026. No more complaining, at least
- 1:12not from me. Why the sudden change?
- 1:16Well, it's not very sudden if we still have a few weeks left
- 1:19until New Year's Day. However, for true spiritual
- 1:24growth and success to occur, you have to drop the complaints and
- 1:29shake off the complainers. Easier said than done, so let's
- 1:34get it done. 1 Corinthians chapter one verse 13 tells us
- 1:41who hath delivered us from the power of darkness and hath
- 1:45translated us into the Kingdom of His dear Son.
- 1:50There's a difference between articulating your points about a
- 1:54topic or an issue and tearing someone down while doing it.
- 1:59This is not to say turn a blind eye to tragedy.
- 2:03This is to specifically say rest your concerns with those who
- 2:08care and voice your complaints to the one true God.
- 2:12In Jesus name we pray. Amen.
- 2:16China's trade surplus hits $1 trillion Huge news for China and
- 2:23the world economy. President Trump has made a
- 2:27tactical decision and allowed NVIDIA to export the highly
- 2:33sought after H200 processors to China.
- 2:39These are the second best AI chips in the world.
- 2:43In this deal, America receives 25% more off of each shipment
- 2:50than the original 15% we currently collect from tariffs
- 2:56ON Semiconductor trading with China, spanning back to last
- 3:01month. The way revenue will be
- 3:04generated is through a 25% import fee on the ports in
- 3:09Taiwan where these chips are created.
- 3:13Specifics on how many chips will be sent and for how long are on
- 3:19a limited basis due to national security concerns.
- 3:25So the $12 billion farm aid package in the future tariff
- 3:30rebate checks from the Trump administration are more signs
- 3:36that the tariffs are working.