Trump announces aid for farmers during trade negotiations
President Donald Trump announced last week a $12 billion aid package to help compensate farmers for losses while the Trump administration negotiates new trade terms with China and other countries that have taken advantage of the U.S. for decades. U.S. Agriculture Secretary Sonny Perdue unveiled the aid package as a three-part deal that would include direct payments to farmers, purchases of U.S. agriculture commodities, and trade promotion efforts.
China and other countries have placed retaliatory tariffs on U.S. agriculture products as President Trump has waged an aggressive campaign of tariffs and other punitive measures against nations that have used unfair trade restrictions limiting the purchase of U.S. goods and services in their countries. The Trump administration considers the retaliatory tariffs imposed on U.S. agriculture products by China, Canada, Mexico, the EU, and other nations, to be “illegal” and the amount of the announced aid is said to be in line with the USDA’s calculations of the estimated costs to U.S. producers
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