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They noted that California’s farmers previously experienced financial losses during Trump’s first administration, when the adoption of U.S. tariffs in 2018 prompted China to retaliate with ...
Retaliatory tariffs by China targeted U.S. agriculture, specifically soybeans, which required the United States government to aid domestic farmers. To improve trade competitiveness, the Trump administration revealed a plan to help US farmers in the form of state aid., [8] with a planned bailout program of $12 billion state aid to US farmers ...
Overall U.S.-China trade would plunge 70% from levels already reduced by Trump's 2018-2019 China tariffs that were maintained and recently increased by Democratic President Joe Biden, said Bernard ...
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 ...
The legal basis cited in Trump's tariff order is Section 232 of the Trade Expansion Act of 1962 which under certain circumstances allows the president to impose tariffs based on the recommendation from the U.S. Secretary of Commerce if "an article is being imported into the United States in such quantities or under such circumstances as to ...
To soften the economic blowback, Trump funneled tens of billions of taxpayer dollars to farmers to compensate for lost sales. However, no amount of aid fully addresses the destabilizing effect of ...
The tariffs could also push prices higher for fertilizer imported from Canada at a time when farmers are paying nearly 50% more for fertilizer than in 2020, said Sam Kieffer, vice president of ...
The threatened levies would appear to violate the terms of the U.S.-Mexico-Canada Agreement (USMCA) on trade. The deal, which Trump signed into law, took effect in 2020 and continued the largely ...