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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.
The researchers said farmers in the Midwest received significant federal subsidies to cushion the blow in 2018 and 2019, but that California farmers were largely left out of the government ...
[10] [11] China implemented retaliatory tariffs equivalent to the $34 billion tariff imposed on it by the U.S. [12] In July 2018, the Trump administration announced it would use a Great Depression-era program, the Commodity Credit Corporation (CCC), to pay farmers up to $12 billion, increasing the aid to $28 billion in May 2019. [13]
The Trump administration is spending $28 billion to bail out farmers hurt by the president’s trade war with China – a huge sum that some experts say overestimates the economic losses inflicted ...
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 ...
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 ...
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.
Trump has spoken admirably of it, telling "60 Minutes" in 2015: “You look back in the 1950s, you look back at the Eisenhower administration, take a look at what they did, and it worked."