Trump to announce trade aid for farmers

Source: Politico | July 24, 2018 | Catherine Boudreau, Adam Behsudi and Helena Bottemiller Evich

The Trump administration is planning to ease fears of a trade war by announcing later Tuesday billions of dollars in aid to farmers hurt by tariffs, according to two sources familiar with the plan.

The administration’s plan will use two commodity support programs in the farm bill, as well as the Agriculture Department’s broad authority to stabilize the agricultural economy during times of turmoil.

The plan has been in the works for months. It seeks to ensure U.S. farmers and ranchers — a key constituency for President Donald Trump and Republicans — don’t bear the brunt of an escalating trade fight with China, the European Union and other major economies as the administration pursues an aggressive course to rebalance America’s trade relationships.

Trump’s moves to slap tariffs on imports from some of America‘s largest trading partners have prompted retaliation against U.S. farm goods like pork, beef, soybeans, sorghum and a range of fruits.

……..

Viewing 6 posts - 1 through 6 (of 6 total)
  • Discussion
  •  Consistent #24723

     Consistent #24724

     Consistent #24732

     Consistent #24733

     EVERYDAY #24734

    So where is my government bailout? I’m going to need money when the market crashes and my retirement nest egg dries up. I’ll need money to afford all those goods which will double, triple and quadruple in price, thanks to Trump’s ongoing temper tantrum trade wars.

    This president has to go before we are all destroyed.

     Consistent #24736

Viewing 6 posts - 1 through 6 (of 6 total)

You must be logged in to reply to this topic.