Emergency Farm Aid to Ease Concerns Over Trade Disputes

The Trump administration said Tuesday it would extend $12 billion in emergency aid to farmers amid signs the U.S. agricultural sector is beginning to feel the impact of President Donald Trump’s escalating trade disputes with major U.S. trading partners.

Agriculture Secretary Sonny Perdue said the U.S. government would provide incremental payments to support prices of some of the hardest-hit commodities, including soybeans, sorghum, cotton, corn, wheat and pork, according to a story by The Wall Street Journal.

“This is a short-term solution that will give President Trump and his administration time to work on long-term trade deals,” Perdue told reporters. Agriculture Department officials said the aid wouldn’t need congressional approval.

U.S. trading partners are retaliating, with ominous implications for the American Farm Belt. China, a huge market for U.S. agricultural exports, has applied tariffs on $34 billion worth of U.S. goods, including soybeans and pork. Other places applying retaliatory tariffs include allies such as Canada, Mexico and the European Union.

Congressional lawmakers, with few exceptions, expressed skepticism about the administration’s aid plan, according to The Wall Street Journal. Farmers, the critics said, need certainty on trade, not a bailout from the government. Even GOP senators who usually defend Trump expressed worry that aid might have to be extended to other sectors if he continues his trade fights on various fronts. Read the full story.

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