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USDA announces 3-prong approach to aid farmers

USDA announces 3-prong approach to aid farmers”

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

Trump declared earlier Tuesday that 'Tariffs are the greatest!' and threatened to impose additional penalties on US trading partners as he prepared for Wednesday's negotiations with European officials at the White House.

Farmers have been hit especially hard after our trade partners issued retaliatory tariffs on billions of dollars worth of goods following Trump's 25% and 10% tariffs on steel and aluminum, respectively.

"After years of unsuccessful US-China dialogue, the United States is taking action to confront China over its state-led, market-distorting policy and practices", Cramer said, adding that it was the "negligence of previous administrations" that had caused the United States' current trade disadvantage.

"I'm ready to go to $500 [billion]", Trump said.

Barack Obama inaugurates sports and training centre in western Kenya
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Sen. Bob Corker, R-Tenn., however, called on the Trump administration to "reverse course and end this incoherent" tariff policy. Most of the companies and business groups that have filed comments are seeking to have goods spared from duties on grounds the tariffs are ultimately a tax on consumers and hamstrings them with their global supply chains.

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

"This is a classic case of protectionism breeding more protectionism, so you had the U.S. tariffs being imposed on China, China naturally retaliated, and both tariffs have been very much targeted at the mid-west agricultural states that are politically sensitive for Donald Trump", he said.

The moves have been unsettling to lawmakers with districts dependent upon manufacturers and farmers affected by the retaliatory tariffs.

"This obviously is a short-term solution that will give President Trump time to work on a long-term trade policy", said Sonny Perdue, the secretary of the US Department of Agriculture.

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Jeff Mertz, president of the North Dakota Grain Growers Association, hadn't read up on the program's details but said it appeared to be a sign Trump was looking out for farmers. "That's not free trade, that's fool's trade, that's stupid trade and we don't do that kind of trade anymore". "This announcement is substantial but we can not overstate the dire consequences that farmers and ranchers are facing in relation to lost export markets".

Trade promotion program, which is geared toward assisting in developing new export markets in conjunction with the private sector.

"You've gotta stick it out", Trump told the Veterans of Foreign Wars national convention."We've gotta fight it. ..." China alone imported $12.3 billion of US soybeans past year, according to the USDA. "I don't think there is enough money in the government to make anybody whole", Ebert said.

"This is becoming more and more like a Soviet-type of economy here: Commissars deciding who's going to be granted waivers, commissars in the administration figuring out how they're going to sprinkle around benefits", said Sen.

After Trump hit China with tariffs, they responded with a 179 percent retaliatory tariff on us sorghum.

European Union ready for growth in LNG trade with US
There are always other options, the USA secretary said, noting that the parties had held frank discussions on Nord Stream 2. History has shown that Russian Federation has a penchant for attempting to control Europe by cutting off energy supplies.

European Commission President Jean-Claude Juncker is scheduled to meet Trump Wednesday in Washington, a last-ditch effort to convince him to hold off imposing punitive tariffs on European auto exports to the United States, an action that the Europeans say would trigger a global economic natural disaster and earn a withering riposte from Brussels.



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