Farmers have mixed reactions to Trump's farm aid

Farmers have mixed reactions to Trump's farm aid

Farmers have mixed reactions to Trump's farm aid

Trump's defense came after his administration announced a plan to provide $12 billion in emergency relief for farmers who have been slammed by the president's trade disputes with China and other countries.

Ahead of his meeting on Wednesday with President of the European Commission Jean-Claude Juncker, Trump tweeted that both the USA and the EU should "drop all tariffs, barriers and subsidies".

Farmers have been a particular target in the current clash over trade policy as other countries seek to retaliate for USA duties on Chinese goods as well as on steel and aluminum imports from the European Union, Canada and Mexico.

Trump has long said he would prefer no tariffs, and is only slapping them on goods in response to "unfair" existing tariffs on US goods. Both the USA and the European Union drop all Tariffs, Barriers and Subsidies! Juncker has called Trump's trade ideas "stupid", while Trump has declared on Twitter that "tariffs are the greatest" because they have pushed trading partners to negotiate with the United States. Trump said. "Hope they do it, we are ready - but they won't!" he said.

Responding to farm groups and Republican criticism on Capitol Hill, the administration has been working for months on a plan to shore up slipping prices for soybeans, pork and other crops hit with retaliatory tariffs from China.

The negotiations at the White House came as Trump has touched off a series of trade disputes with global trading partners, including China, whom he accused earlier Wednesday of employing "vicious" tactics aimed at hurting American farmers.

The assistance will go into effect in September, months after President Donald Trump ordered Agriculture Secretary Sonny Perdue to prepare some options, the Washington Post reported. "This is a short-term bridge to help President Trump negotiate trade deals".

Trump declared earlier today that "Tariffs are the greatest!" and threatened to impose additional penalties on USA trading partners as he prepared for negotiations with European officials at the White House.

He said Trump must win the trade war quickly, because if farms start going under in America, Trump's support could crater.

The president has said that he favors free trade but uses tariffs as leverage.

"This announcement is substantial, but we can not overstate the dire consequences that farmers and ranchers are facing in relation to lost export markets", he said. If prices do not rebound, Hart estimates Iowa soybean farmers will lose $624 million this year. "He was interested in my thoughts on the Kavanaugh nomination, which I think is going along nicely", McConnell said.

US plans to subsidise American farmers caught in the US-China trade war signal an escalation in the hostilities, Chinese analysts have warned.

"The actions today are a firm statement that other nations can not bully our agricultural producers to force the United States to cave in", agriculture Secretary Sonny Perdue told reporters during a conference call announcing the program.

Wisconsin Republican Sen. Ron Johnson said the unexpected move to manipulate trade through targeted subsidies 'is becoming more and more like a Soviet-type of economy'. Officials say the program does not authorize any new funds and thus needs no approval from Congress. No weakness!' Trump wrote in the first of a pair of tweets Wednesday morning.

He says he'd prefer there be no tariffs or barriers at all.

Cramer testified before the U.S. Trade Representative's office during a public hearing Tuesday, where he welcomed "strong defensive actions" against China's "unfair trade practices" that he argued previous administrations have failed to curtail.

As just one example of how farmers are impacted, China used to import $1 billion worth of American-grown sorghum annually, which made up 77 percent of all US sorghum exports.

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