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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 suffering from the US-China trade war. In 2018 Trump administration introduced $16 billion (~$19.1 billion in 2023) of new trade aid.
Farmers are slamming Donald Trump over his trade war with China, arguing that despite payouts, the tariffs are cutting off one of their key export markets.
Farmers typically back him even though the U.S. agriculture sector was one of the hardest hit during the U.S.-China trade war that Trump fought during his first administration.
While the first Trump administration backed year-round sales, opposition by the oil industry, and concerns that the fuel could worsen smog during warm weather, made summertime E15 sales dependent ...
SMITHTON, Pa. (AP) — Donald Trump sat in a large barn in rural Pennsylvania on Monday, asking questions of farmers and offering jokes, but in a rarity for his campaign events, mostly listening. The bombastic former president was unusually restrained at an event about China's influence on the U.S. economy, a roundtable at which farmers and ...
Under Trump, the North American Free Trade Agreement (NAFTA), a trilateral agreement between the North American nations, was replaced by the United States–Mexico–Canada Agreement (USMCA). [272] The new agreement entered into effect on July 1, 2020, after two years of negotiations and a ratification process.
California farmers, who are some of the most ardent supporters of Donald Trump, would seem to be on a collision course with one of the president-elect’s most important campaign promises.
The U.S. Department of Agriculture announced on Thursday that it would provide an additional $16 billion to help farmers, but farmers say the bailout isn't enough.