Trump to Give Farmers Aid, but Farmers Aren't Thrilled

Is Trump now hobbling an economy he earlier set free

Modal Trigger Donald Trump Olivier Douliery

On Tuesday, the Department of Agriculture (USDA) announced it would offer $12 billion in aid to farmers hit by retaliatory tariffs imposed on US goods.

Later this week, Trump will visit Iowa and IL, two other farm-belt states, as he seeks to shore up support for Republican candidates in the U.S. Midwest.

Flake, another Republican critic of Trump with plans to retire in 2018, said the decision to flush farmers with taxpayer-funded cash is "patently unfair across the board" for other industries. But the proposal was quickly greeted Tuesday with continued criticism from Republicans on Capitol Hill who argued Trump should nix his tariff strategy rather than roll out a financial backstop. John Kennedy, R-La. "You've got to treat everybody the same".

"This trade war is cutting the legs out from under farmers and White House's "plan" is to spend $12 billion on gold crutches", Sasse said in a statement.

Trump declared earlier Tuesday that "Tariffs are the greatest!" and threatened to impose additional penalties on US trading partners as he prepared for negotiations with European officials at the White House. Officials explained that Labor Day remains the effective date for when the programs will begin operating.

Mr Kirchner said it was a clear indication that Donald Trump was digging in when it comes to imposing tariffs.

Holtz-Eakin, a Republican, is one of several conservative economists who have been sharply critical of Trump's trade approach, and he said Tuesday that the programs the Agriculture Department will use to help farmers were not designed for this goal. "We'll make it up to them". Currently, the European Union places a 10 percent tariff on USA auto imports, while the United States has a 2.5 percent tariff on European cars.

Cabinet members say President Trump knew there might be some short term pain with his trade decisions, so this is a way to make things right for the farmers in our country. "Watch. Just be a little patient".

The Market Facilitation Program, authorized under The Commodity Credit Corporation (CCC) Charter Act and administered by Farm Service Agency (FSA), will provide payments incrementally to producers of soybeans, sorghum, corn, wheat, cotton, dairy, and hogs. During a briefing, USDA officials said details would be released in the next couple of weeks.

The program will be rolled out at the end of August and then farmers will be able to apply for assistance.

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Soybeans are likely to be the largest sector affected by the programs.

In a Tuesday morning tweet, he called tariffs "the greatest", saying every U.S. trade partner should either negotiate a "fair deal, or it gets hit with Tariffs".

Later Tuesday, he tweeted: "I have an idea for them".

"Both the United States and the European Union drop all Tariffs, Barriers and Subsidies!" He hoped "free, fair and reciprocal trade is in our near future". "It's been estimated that farmers lost more than $13 billion last month alone due to trade disruptions", said Johnson. China has retaliated on soybeans and pork, affecting Midwest farmers in a region of the country that supported the president in his 2016 campaign.

The White House will have no choice but to attempt a spin of the facts with the program.

"There is only so much the government can do", Henry told Yahoo Finance. "We want more welfare", said Sasse.

North Dakota Farmers Union President Mark Watne welcomed Tuesday's announcement but said "it's a far cry from the damage that's being caused by these low commodities". "We have been ripped off by China for a long time, and I told that to President Xi". I don't think threats bring us closer to a solution. The US imported roughly $46bn of the two metals in 2017. "The underlying problem is still there".

The imposition of punishing tariffs on imported goods has been a favored tactic by Trump, but it has prompted USA partners to retaliate, creating risks for the economy.

US White House spokesperson Hogan Gidley announced on Tuesday that President Trump meant to bring up at the meeting with the chief of the European Commission issues regarding bilateral trade and the fight against terrorism.

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