The Trump administration has stepped up efforts to protect American farmers who face a large negative impact from the U. S.-Chinatrade war. The White…
The Trump administration has stepped up efforts to protect American farmers who face a large negative impact from the U. S.-Chinatrade war. The White House announced May 23 a new $16 billion aid package in an effort to keep the farmers afloat.
“The 16 billion funds will help keep our cherished farms thriving and make clear that no country has veto on America’s economic and national security,” President Donald Trump said May 23 during his meeting with farmers and ranchers at the White House.
As part of the aid package, the Department of Agriculture will provide $14.5 billion in direct payments to producers. An additional $1.4 billion will be used to purchase foods like fruits, vegetables, meat, and milk for food banks, schools, and other outlets serving low-income individuals.
Trump suggested China would be paying for the aid.
“It all comes from China,” he said. “We will be taking in over a period of time hundreds of billions of dollars in tariffs and charges to China.”
The new aid package is the second bailout for farmers. Last year, the Trump administration announced $12 billion in assistance to farmers to offset their losses from the tariffs.
Trump accused China of targeting American farmers since the beginning of the trade conflict last year.
“They took an ad in a newspaper from Iowa, a big ad, saying lots of bad things about the administration, about the fact that we’re negotiating too tough,” he said. “But they steal intellectual property, by the billions.
