Trump Administration to Give $12 Billion to Farmers Caught in Trade War

U.S. Secretary of Agriculture Sonny Perdue

Also, Republicans in Georgia have chosen Brian Kemp as their candidate for governor, who was endorsed by President Trump. "They are being vicious in what will be their failed attempt. We were being nice - until now!"

In our news wrap Wednesday, President Trump and the leader of the European Commission Jean-Claude Juncker say they've agreed to turn from tariffs to talks.

Trump has placed tariffs on imported steel and aluminum, saying they pose a threat to USA national security, an argument that the European Union and Canada rejects. Trump has also said he is considering tariffs on imports of automobiles, an action the European Union hopes to head off.

Recently, Trump has threatened a 25% tariff on European autos, a warning that seems to have been staved off.

"Both the United States and the European Union drop all Tariffs, Barriers and Subsidies!" China has struck back with duties on soybeans and pork, affecting Midwest farmers in a region of the country that supported the president in his 2016 campaign.

The move is quite clearly created to prop up a key sector of Trump's support base, as the fallout from his trade war starts to settle. 'If tariffs punish farmers, the answer is not welfare for farmers - the answer is remove the tariffs'.

The Trump administration's move on Tuesday to help farmers hurt by the trade wars has not stopped the barrage of criticism it has faced over its underlying trade policy.

He wasn't the only member of Trump's party to vent after the administration pledged to provide up to $12 billion in aid for USA farmers to shield them from the effects of trade disputes cultivated by the White House itself.

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"Both sides are now just waiting for the other side to respond", said one Chinese diplomatic source, who requested anonymity.

"I think we have to talk each to another and not at another and that's what we do today", he said, before saying he hopes they could focus on reducing, not increasing, tariffs. "You've got to treat everybody the same". "As I travel the state I continue to hear Iowa farmers want more trade, not aid." . Some of Trump's fellow Republicans are also already balking at the idea of government-funded bailout for a trade war they oppose. "This bailout compounds bad policy with more bad policy".

"This friction that we're having, as long as it results in lowering barriers. that's great, that is hopefully where we can end up with this". No weakness!' Trump wrote in the first of a pair of tweets Wednesday morning. In another tweet, Trump claimed that "Negotiations are going really well, be cool".

Rules for the programs have not been fully developed, and an exact date for rollout has not been determined, though Ibach said officials are targeting Labor Day. The second second program will buy surplus products, including fruit, nuts, and dairy, and distribute them to food pantries and other programs.

The money: It will come partly from a program set up in the Depression to help farmers called the Commodity Credit Corporation, reports the Washington Post.

While wheat harvest is underway, Karmen said corn and soybeans won't be harvested until later in the fall.

And the general reaction from farmers, many of whom would benefit from the payments, is that it's a short-term fix that won't work in the long run.

The Agriculture Department announced it will provide up to US$12 billion in aid to farmers hurt by trade tariffs. Lost $817 Billion on Trade previous year. China made $517 Billion on us a year ago, ' the president added.

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