White House Admits Tariffs Are Hurting Farmers As It Plans Relief Program

Wednesday, 25 Jul, 2018

"The $12 billion package of agricultural assistance announced today by the administration will provide a welcome measure of temporary relief to our farmers and ranchers who are experiencing the financial effects of the trade war", said American Farm Bureau Federation President Zippy Duvall.

Sen. Ben Sasse, R-Neb., who hails from an agriculture-heavy state and has criticized Trump's approach called the plan "gold crutches". She said her bill would come at "no additional cost" while Trump's plan will only scratch the surface of farmers' losses.

Perdue and other USDA officials say the aid will be available in three forms; direct payment to producers of soybeans, sorghum, wheat, cotton, dairy and hogs; government purchases of fruit, nuts, legumes, and some meats for distribution to food banks; and development of new export markets. You watch what's going to happen.

President Donald Trump flew into a rage during his recent foreign trip when a TV on Air Force One was tuned to CNN instead of Fox News, according to a report Tuesday night from the New York Times. During a briefing, USDA officials said details would be released in the next couple of weeks.

The U.S. Department of Agriculture on Tuesday pledged up to $12 billion in farm aide, in a "one-time" action, for farmers affected by President Donald Trump's trade war. We also export large amounts of pork and beef. But the taxes also exact a toll on USA businesses and consumers, which pay more for imported products. President Trump's proposed 2019 budget also would have slashed CCC funding, including eliminating funding for one program aimed at helping US farmers find new markets for their products.

Trump's trade policies have become central in several rural-state U.S. Senate races ahead of congressional elections in November.

Trump has also threatened to place penalty taxes on up to $500 billion in products imported from China, a move that would dramatically ratchet up the stakes in the trade dispute involving the globe's biggest economies.

"Tariffs are not great", Toomey told CNBC, echoing Ryan.

Sasse, a Republican, represents thousands of farmers in the Cornhusker State, and said that his constituents "don't want to be paid to lose" but "want to win by feeding the world".

'Tariffs are taxes that punish American consumers and producers, ' Kentucky GOP Sen.

Saying farmers want "trade, not aid" he claimed the administration's cross-border commercial bickering is forcing it 'to invoke a welfare policy for our farmers, which I'm sure is not what they wish'. "Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with tariffs", he said on Twitter, ahead of the European Commission chief's U.S. visit to prevent an all-out trade war. "It's as simple as that". He has also threatened to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that past year totaled $335 billion.

The U.S. Agriculture Department on Tuesday plans to announce a $12 billion package of emergency aid for farmers caught in the midst of President Trump's escalating trade war, two people briefed on the plan said, the latest sign that growing tensions between the United States and other countries will not end soon....

Cramer testified before the U.S. Trade Representative's office during a public hearing Tuesday, where he welcomed "strong defensive actions" against China's "unfair trade practices" that he argued previous administrations have failed to curtail.