Trump to use tariff revenue to bail out farmers hurt by tariffs

[Snarkoleptic]

6. Such a self-inflicted double fail.

Trump usurps Congressional authority, slapping tariffs on China.
China retaliates by cancelling contracts from US and buying corn/soybeans from Argentina (plus Brazil and others).
US farmers are stuck holding the bag.
Trump bails out reich wing/libertarian loony experiment in Argentina, infuriating US farmers.
Considers another socialist bailout for US farmers.

July 2020 article from the last time trump screwed the pooch.
https://www.politico.com/news/2020/07/14/donald-trump-coronavirus-farmer-bailouts-359932

The spending surge began in mid-2018 when USDA started writing checks to farmers and ranchers to pay for the damage from Trump’s trade war, which brought about higher tariffs that crushed agricultural exports and commodity prices. Farm sales to China plummeted from $19.5 billion in 2017 to just $9 billion the next year; as producers continued to hemorrhage profits in 2019, farm bankruptcies jumped nearly 20 percent last year.

The trade bailout has now spanned three years and surpassed $23 billion, even though it was never appropriated by Congress. Instead, the money was funneled through USDA’s Commodity Credit Corporation, a Depression-era agency that can borrow from the U.S. Treasury to stabilize the farm economy.