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Trump already weighing multi-billion-dollar tariff bailout for US farmers [View all]
The Trump administration is already considering bailing out farmers caught in the middle of the White House’s escalating trade war that’s now encompassing the rest of the world.
The administration is weighing a new batch of emergency aid to farmers as trading partners push back against U.S. tariffs with their own measures, The New York Times has reported. The last time Trump was in office, his administration spent $23 billion in subsidy payments to farmers to protect them from his trade war then with China, which purchased far fewer American agricultural products.
Such payments, as they did then, would now shield a vital voting base for Republicans.
China imposed retaliatory tariffs on soybeans, corn, wheat, and other imports in 2018, which resulted in the billions of dollars in aid to farmers. The money came from the U.S. Department of Agriculture, which has a fund to partially deal with emergencies such as disagreements over trade.
The administration is weighing a new batch of emergency aid to farmers as trading partners push back against U.S. tariffs with their own measures, The New York Times has reported. The last time Trump was in office, his administration spent $23 billion in subsidy payments to farmers to protect them from his trade war then with China, which purchased far fewer American agricultural products.
Such payments, as they did then, would now shield a vital voting base for Republicans.
China imposed retaliatory tariffs on soybeans, corn, wheat, and other imports in 2018, which resulted in the billions of dollars in aid to farmers. The money came from the U.S. Department of Agriculture, which has a fund to partially deal with emergencies such as disagreements over trade.
https://www.the-independent.com/news/world/americas/us-politics/trump-bailout-farmers-tariffs-b2726416.html
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