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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.
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 ...
[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]
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 ...
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.
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 ...
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A World Agricultural Economic and Environmental Services study projected a new trade war would cause “immediate” drops in corn and soybean exports.