The recent Chinese curtailment of steel and aluminum production has created a $1.2 billion pricing headwind for the Ford Motor Company that threatens to lower profitability for years to come.
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Joe, being a fellow California resident, I resonate with your question of whether or not governments will get involved to curtail production of certain agriculture/crops that may bring economic benefit for the few but far less water for the masses. It is an interesting question to ponder because thousands upon thousands of California residents have staked their career and future on agriculture as a means of providing food for their families. If a government can intervene and restrict these families from working, what is the compensation the government can give in return? A single year of monetary compensation? Five years of subsidized operations? Whatever decision governments make, it won’t be one without sacrifice.