Published: Wed, July 25, 2018
World | By Camille Rivera

Farmers have mixed reactions to Trump's farm aid

Farmers have mixed reactions to Trump's farm aid

"Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs", Mr. Trump wrote. "The farmers and ranchers of America, they don't want crutches, they want to work".

Sasse said he doubted Trump's trade policies will Make America Great Again as promised, but instead "Mak [e] America 1929 Again".

"You have a awful policy that sends farmers to the poorhouse, and then you put them on welfare, and we borrow the money from other countries", said GOP Senator Bob Corker of Tennessee. "But Wisconsin is our home base, and we want to expand and grow here", Clark said.

Juncker told German public broadcaster ZDF earlier this week that his goal is to "explain and find out how to prevent a trade war". "There's no ambiguity about this from the producers in my state".

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Farmers already have "quite a few" assistance programs, he said. "The president's tone regularly suggests somehow that the government has created this bounty". We must continue to expand and open markets, protect the Renewable Fuel Standard and allow Iowa products to be sold across the globe.

The Agriculture Department is announcing a $12 billion "short-term" plan to help USA farmers hurt by retaliatory tariffs.

According to a senior European official, the first would be for the EU, US, Japan, South Korea and other nations that are significant manufacturers of cars and parts for them to negotiate a "plurilateral" deal aimed at reducing tariffs on these products to zero. Furthermore, we are more than 18 months removed from USA withdraw from the Trans Pacific Partnership (TPP). The programme is not meant to extend beyond this year, officials at the agriculture department said.

"This is a short-term solution to allow President Trump time to work on long-term trade deals to benefit agriculture and the entire USA economy", Perdue said in a statement.

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Tariffs on US goods have impacted all sectors of the economy, according to the USDA's trade counsel to the secretary, Jason Hafemeister. After $34 billion in tariffs against China went into effect earlier this month, China responded with its own equivalent tariffs soon after, targeting USA agricultural products including soy, corn, wheat, pork, poultry and more.

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.

Farmers for Free Trade, an agricultural-industry advocacy group, also criticized the administration's proposal.

Holtz-Eakin, a Republican, is one of several conservative economists who have been sharply critical of Trump's trade approach, and he said Tuesday that the programs the Agriculture Department will use to help farmers were not designed for this objective. And Sen. Bob Corker (R-Tenn.), who has written legislation to remove some of Trump's unilateral power to impose tariffs, said the administration created a problem it is now having to throw money at to fix. This has more to do with oversupply than the tariffs, though.

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The White House argues that the short-term pain from retaliatory tariffs is negligible compared to the benefits the country stands to reap from fair trade deals and lowered trade barriers. The exports have been a prime target of China and other countries that have retaliated against the series of tariffs Trump has imposed in recent months. As I've said all along, nobody wins in a trade war. China has fought back with tariffs of its own, sparking a global trade war that some fear would plunge financial markets into chaos.

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