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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump: "Tariffs are the greatest." Also farmers need $12 billion in aid because of tariffs.
The administration plans an aid package to shore up the agriculture industry.By Tara Golshan Jul 24, 2018, 1:00pm EDT
President Donald Trump declared tariffs the greatest over Twitter Tuesday morning, even as his administration prepares to shore up the agricultural industry, which is weathering financial turmoil induced by his trade policies.
The administration reportedly plans to give farmers $12 billion in emergency aid to cope with the fallout from the tariff regime, Politico first reported Tuesday. Farmers have been among those hit hardest under Trumps protectionist trade agenda, as foreign countries levy tens of billions of dollars in retaliatory tariffs largely on the American agricultural industry. China, Mexico, and Canada have responded to the Trump administrations taxes on imported steel, aluminum, and electronics with taxes on American soybeans, dairy, pork, apples, and potatoes, as well as other US products.
The impact of tariffs on US agriculture is no joke. Prices for agricultural products like soybeans have dropped to a 10-year low since Trump imposed sweeping tariffs on trade and aluminum earlier this year. And farmers across different markets have grown increasingly nervous about how their businesses will fare if the trade war continues.
The administration reportedly plans to give farmers $12 billion in emergency aid to cope with the fallout from the tariff regime, Politico first reported Tuesday. Farmers have been among those hit hardest under Trumps protectionist trade agenda, as foreign countries levy tens of billions of dollars in retaliatory tariffs largely on the American agricultural industry. China, Mexico, and Canada have responded to the Trump administrations taxes on imported steel, aluminum, and electronics with taxes on American soybeans, dairy, pork, apples, and potatoes, as well as other US products.
The impact of tariffs on US agriculture is no joke. Prices for agricultural products like soybeans have dropped to a 10-year low since Trump imposed sweeping tariffs on trade and aluminum earlier this year. And farmers across different markets have grown increasingly nervous about how their businesses will fare if the trade war continues.
https://www.vox.com/2018/7/24/17607484/trump-tariff-farmers-emergency-aid
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Trump: "Tariffs are the greatest." Also farmers need $12 billion in aid because of tariffs. (Original Post)
workinclasszero
Jul 2018
OP
No need for FARM AID anymore. Trump and the Shitkickers have won. Check out the EWG
walkingman
Jul 2018
#5
NCTraveler
(30,481 posts)1. Don't they have a rainy day savings account.
Kind of like a health savings account.
Those things work so great.
workinclasszero
(28,270 posts)10. They better be drug testing these lay about farmers
and make sure they are working for their welfare too!!!
bitterross
(4,066 posts)2. Who wants to bet the big Ag corps will get the aid - not the farmers?
Want to place bets that the bulk of any aid will end up in big Ag companies like Tyson, Cargill, Perdue and the like?
Thomas Hurt
(13,903 posts)4. exactly....
2naSalit
(86,534 posts)9. No need to bet...
that's what will happen, it's the MAGA way.
workinclasszero
(28,270 posts)11. Banks too
Its not gonna do a damn thing for most small farmers no doubt.
TheRealNorth
(9,478 posts)3. Maybe dumbass should have thought of this.....
Before starting a trade war.
So much winning
walkingman
(7,595 posts)5. No need for FARM AID anymore. Trump and the Shitkickers have won. Check out the EWG
database. My neighbor has already collected $184K farm subsidies....poor rancher. They are laughing and voting GOP with a grin! I'm sure even more coming now. Money talks and BS walks.
https://farm.ewg.org/index.php
Wellstone ruled
(34,661 posts)8. That should cover part of his Operating Loans.
These Guy's are so leveraged .
moondust
(19,972 posts)6. So taxpayers get to pay for his tariffs?
Surprise!!!
How about a border wall next, Mr. & Mrs. Taxpayer?!!!
chelsea0011
(10,115 posts)7. Winning is just so easy.