US EditionTrump bailout for trade-hit US farmers expected this week
The planned $10 billion to $15 billion aid aims to support farmers amid trade disputes and record harvests, with near-record payments already exceeding $40 billion this year.
- On Tuesday, the Trump administration is expected to announce a bailout for U.S. farmers with an initial outlay potentially totaling up to $15 billion, sources say the package could range between $10 billion and $15 billion.
- Facing trade setbacks, soybean farmers are pressured by China’s continued spurning of purchases and a record corn harvest, while supporting President Donald Trump but seeking trade deal changes.
- Legally, direct payments face a $350 million cap that only Congress can adjust, while Commodity Credit Corporation funds likely fall short of covering the discussed package.
- Farmers are already slated to get more than $40 billion this year, and Republican lawmakers warned of `financial calamity` if aid does not arrive by year-end.
- National Economic Council Director Kevin Hassett said on Monday the White House has held several meetings on farmer aid, and Trump has said the administration will tap tariff income to fund aid.
13 Articles
13 Articles
Trump bailout for trade-hit US farmers expected this week
The Trump administration is expected to announce a plan as soon as Tuesday to bail out U.S. farmers stung by trade disputes and big harvests, with the initial outlay potentially totaling up to $15 billion, according to sources familiar with the matter.
Trump Admin Bailout for Farmers Expected This Week
The White House is expected to announce a plan as soon as Tuesday to bail out farmers in the U.S. stung by trade disputes and big harvests, with the initial outlay potentially totaling up to $15 billion, according to sources familiar with the matter.
The Trump administration is expected to announce an aid plan as early as Tuesday (October 7) to subsidize American farmers affected by the trade war and the bumper harvest, and the initial total relief amount may be as high as $15 billion, according to people familiar with the matter.
The coming Trump tariff bailout - The Iola Register
Farmers and others with political clout will get a government subsidy or a carve-out You knew it was coming. As President Trump’s tariffs damage farmers and businesses across the U.S., the victims are besieging the Administration for relief. The long lines at the Commerce and Agriculture departments are the latest proof of self-destructive tariff folly. Soybean farmers appear to be next in line, as their main export market in China has shrunk as…
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