Trump to announce support for farmers caught in trade disputes

Trump Tapping $12B to Help Farmers Affected by Tariffs

Trump Plans Farm Bailout To Deal With Backlash To His Trade War

"The president writes that the U.S.is a "'piggy bank' that's being robbed".

The proposal to stabilize farmers, some of whom have watched prices tumble amid ongoing trade disputes, is a recognition that Trump's tariffs are having a short-term impact on the agriculture sector heading into the midterm elections.

The imposition of punishing tariffs on imported goods has been a favored tactic by Trump, but it has prompted USA trading partners to retaliate, creating risks for the economy.

The Washington Post notes that the program was created so long ago that it doesn't require congressional approval while taking out a loan of up to $30 billion.

The $12 billion will reportedly come in the form of direct assistance, a food purchase and distribution program, and a trade promotion program.

Sorghum is only one out of many farm products hit by tariffs from China and other nations in response to the Trump administration's tariffs.

"This trade war is cutting the legs out from under farmers and White House's "plan" is to spend $12 billion on gold crutches", Sasse said in a statement Tuesday. Additionally, the product's final assembly or processing must have taken place in the US.

In a follow up tweet he reaffirmed the administration's tough stance on trade, explaining "either a country negotiates a fair deal - or gets hit with tariffs".

They include such iconic American brands as Campbell Soup and Lockheed-Martin - which will have a model F-35 fighter jet on the White House lawn - to obscure manufacturers who make wine, brooms, horseshoes and animal feed.

Earlier this month, 25 percent tariffs on $34 billion of Chinese imports of machinery and electronics went into effect, prompting Beijing to respond with tit-for-tat tariffs on American exports of soybeans and other products.

On Monday, the White House confirmed that Trump was considering removing security clearances from Brennan and other former officials.

Trump's message comes ahead of his meeting with European Commission President Jean-Claude Juncker in Washington, D.C. on Wednesday.

Politico, citing two sources familiar with the plan, also reported the administration will pay for billions in trade-related aid through the U.S. Department of Agriculture's broad authority and two commodity support programs in a farm bill under consideration in Congress.

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