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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.
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 ...
Trump's first administration kept farmers onside with generous subsidies to offset lost U.S. sales to China from the trade war. Soybean farmers received $5.4 billion more in aid than they lost in ...
"They stole things, they broke things, they have taken our IP," Lutnick said of China. "It’s got to end." Tariffs came up again and again ahead of a Feb. 1 deadline for when Trump's first ...
[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]
Bob Hemesath, an Iowa farmer and board chairman of Farmers for Free Trade, warned of the potential fallout from the tariffs in a statement to CBS News. He emphasized that Canada, Mexico and China ...
China has a large livestock population, with pigs and fowls being the most common. China's pig population and pork production mainly lie along the Yangtze River. In 2011, Sichuan province had 51 million pigs (11% of China's total supply). [33] In rural western China, sheep, goats, and camels are raised by nomadic herders. [34]
With a second bailout program on deck, the total price tag of tariff aid so far could jump past $30 billion. The cost of Trump's bailout program for farmers is poised to more than double Skip to ...