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The Trump administration is spending $28 billion to bail out farmers hurt by the president’s trade war with China – a huge sum that some experts say overestimates the economic losses inflicted ...
The bailout program had several problems, such as abusing the program and delays in payment to the farmers. Donald Trump stated that US-China trade war could last indefinitely despite problems among US farmers. The bailout's limit of support for a single farmer is $125,000 per person or legal entity.
U.S. farmers want something from President-elect Donald Trump that his trade policies mean he is unlikely to deliver: increased access to the market of top soy-importer China. Trump's Republican ...
President Donald Trump said on Monday that his administration was planning to provide about $15 billion in aid to help U.S. farmers whose products may be targeted with tariffs by China in a ...
[10] [11] China implemented retaliatory tariffs equivalent to the $34 billion tariff imposed on it by the U.S. [12] In July 2018, the Trump administration announced it would use a Great Depression-era program, the Commodity Credit Corporation (CCC), to pay farmers up to $12 billion, increasing the aid to $28 billion in May 2019. [13]
In August 2019, Roger Johnson of the National Farmers Union – representing about 200,000 family farmers, ranchers and fishers – stated that the trade war was creating problems for American farmers, specifically highlighting the fall in soybean exports from the U.S. to China.
The president argued for his trade policies Monday before thousands of farmers, a key constituency that's struggled because of his trade war with China. Trump defends tough trade policies to ...
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