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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 ...
Trump’s tariff proposals and plans for mass deportations could have a big impact on the agriculture and food industries, which were responsible for a whopping $1.58 trillion in the U.S. economy ...
In the new economic trade war, US farmers lost access to import markets in China, which represented the second largest market for US agriculture export in 2017. [5] The Trump Administration initiated the trade war with China when it imposed tariffs on solar cells and large residential washers in 2017. [6]
As President-elect Donald Trump vows to impose tariffs on imports from China, Mexico and Canada, economists are warning that a retaliatory trade war could cause major financial damage for ...
Trump also had considered nominating former Georgia Senator Kelly Loeffler, whom he has already tapped to co-chair his inaugural committee, to serve as Agriculture Secretary, CNN reported Friday.
The 2018 farm bill or Agriculture Improvement Act of 2018 is an enacted United States farm bill that reauthorized $867 billion for many expenditures approved in the prior farm bill (the Agricultural Act of 2014). The bill was passed by the Senate and House on December 11 and 12, 2018, respectively.
The CBO estimated the impact of Trump's tax cuts and separate spending legislation over the 2018–2028 period in their annual "Budget & Economic Outlook", released in April 2018: CBO forecasts a stronger economy over the 2018–2019 periods than do many outside economists, blunting some of the deficit impact of the tax cuts and spending increases.
The Inflation Reduction Act dedicated nearly $20 billion to U.S. Department of Agriculture programs that help farmers protect their operation and reduce its environmental impact.