Trump to Offer $12 Billion in Aid for US Farmers Hurt by Tariffs
  • 6 years ago
Trump to Offer $12 Billion in Aid for US Farmers Hurt by Tariffs The president's administration plans to offer up to $12 billion in aid to U.S. farmers hit by foreign tariffs. The bailout is said to be intended to ease the pain caused by Trump's escalating foreign trade wars. Retaliatory tariffs on goods have hit farmers in key electoral states like Pennsylvania, Wisconsin, North Carolina, Ohio and Iowa. The aid will come from programs overseen by the USDA, including direct payments to producers of certain goods such as soy beans. Trump has alarmed economists and farming groups by threatening to impose tariffs on as much as $500 billion of Chinese goods.
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