Trump tapping $12B to help farmers affected by tariffs
- by Patty Hardy
- in Business
- — Jul 25, 2018
Trade conflicts "are having a real and costly impact on the rural economy and the ability of rural businesses to keep their doors open", said Wisconsin Senator Tammy Baldwin, a Democrat, asking Trump to develop a farm plan. You watch what's going to happen.
'America's farmers don't want to be paid to lose - they want to win by feeding the world, ' he said.
Agriculture officials say the plan will not require congressional approval. Brad Karmen, the USDA's assistant deputy administrator for farm programs, noted that the wheat harvest is already in, so wheat farmers could get payments sooner than other growers.
Trump declared earlier Tuesday 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.
Tariffs are taxes on imports. But the taxes also exact a toll on USA businesses and consumers, which pay more for imported products. After $34 billion in tariffs against China went into effect earlier this month, China responded with its own equivalent tariffs soon after, targeting US agricultural products including soy, corn, wheat, pork, poultry and more.
Trump warned his audience "what you're seeing and what you're reading is not what's happening", and that "farmers will be the biggest beneficiary" of his implementation of tariffs.
Ramanathan aims to end India's 20-year title drought
With the scoreline reading 3-0, it was a massive ask for Ramkumar even with Johnson serving poorly. Somdev Devvarman was the last Indian singles player to reach this far in an ATP Tour event.
Fallout 76 Beta Will Start in October
The post added that the pool of players will start small but will gradually increase to allow everyone who pre-ordered the title. No open beta news has been shared by Bethesda, so there's no guarantee of a free test before the final launch of the game.
Israel says shoots down Syrian fighter jet
Israel has shot down a Syrian warplane flying over its airspace over southern Golan, according to its military. Two Patriot missiles were fired at the target which had been tracked crossing into Israel.
Trump has threatened to place penalty taxes on up to $500 billion in products imported from China, a move that would dramatically ratchet up the stakes in the trade dispute involving the globe's biggest economies.
Republican Senator Chuck Grassley of Iowa said the aid package is "encouraging for the short term". "This administration's tariffs and bailouts aren't going to make America great again, they're just going to make it 1929 again". Bob Corker, R-Tenn., told reporters in Washington Tuesday. Some of Trump's fellow Republicans are also already balking at the idea of government-funded bailout for a trade war they oppose. Perdue was instructed this year to investigate potential remedy to farmers' concerns about tariffs and trade disputes between the US and its trading partners. "It's as simple as that".
President Trump's tariff threats against China, Canada, Mexico and the European Union prompted immediate threats of retaliation.
Democratic U.S. Representative Jackie Speier of California, a major agricultural state, challenged the president on Twitter.
Canada, Mexico and the European Union also struck back at Trump's leveling of USA steel and aluminum tariffs by hitting United States exports of agriculture products and other heavily exported U.S. goods. One week later, autoworkers, foreign ambassadors, and lawmakers spoke out against new potential tariffs against imported cars and auto parts.
The president is meeting with European Commission President Jean-Claude Juncker on Wednesday. The U.S. and European allies have been at odds over the president's tariffs on steel imports and are meeting as the trade dispute threatens to spread to automobile production.
