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Trump to Give $12B to Farmers Hurt by Tariffs

The government announced a $12bn plan Tuesday to assist farmers who have been hurt by Donald Trump’s trade disputes with China and other trading partners.



The plan focuses on midwest soya bean producers and others targeted by retaliatory measures.

The agriculture department said the proposal would include direct assistance for farmers, purchases of excess crops and trade promotion activities aimed at building new export markets. Officials said the plan would not require congressional approval and would come through the Commodity Credit Corporation, a wing of the department that addresses agricultural prices.

“This is a short-term solution that will give President Trump and his administration the time to work on long-term trade deals,” said agriculture secretary Sonny Perdue. Officials said the direct payments could help producers of soya beans, which have been hit hard by the Trump tariffs, along with sorghum, corn, wheat, cotton, dairy and farmers raising hogs.

via The Guardian

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