World

Trump Hands Out Billions In Aid To Farmers Caught In The Trade War Crossfire

REUTERS/Lucy Nicholson

Daily Caller News Foundation logo
Ryan Pickrell China/Asia Pacific Reporter
Font Size:

The Trump administration has extended $12 billion in emergency financial assistance to farmers negatively affected by the ongoing trade war between the U.S. and China, among others, Politico reported Tuesday.

With tens of billions of dollars in tariffs already in effect and the possibility of tariffs on exports worth hundreds of billions of dollars on the table, a number of American industries are on edge. Producers of U.S. agricultural products, a key industry and major U.S. export, are already starting to feel the pressure as Beijing purposefully targets an important constituency for President Donald Trump.

Soybean farmers in particular have taken a hit, with prices dropping as China imposes retaliatory tariffs on U.S. farm products. In June, soybean prices dropped to a nine-year low, according to CNBC.

“The actions today are a firm statement that other nations cannot bully our agricultural producers to force the United States to cave in,” Agriculture Secretary Sonny Perdue said Tuesday as the assistance program was announced, “This administration will not stand by while our hard-working agricultural producers bear the brunt of unfriendly and illegal tariffs.”

The aid will be distributed to U.S. farmers through three different mechanisms managed by the Department of Agriculture, The Washington Post reported Tuesday. The three programs will apparently include direct assistance, a trade promotion program, and a food purchase and distribution program. Based on policies from the Great Depression, the assistance plan, which has been in the works for month, will not require congressional approval.

The president previously directed Perdue to develop solutions to protect agricultural workers from any unintended fallout from U.S. trade disputes with foreign countries. “Farmers are resilient. They understand that China has not been playing fair,” Perdue told CNBC last month, “They are patriots, but they also know that patriotism can’t pay the bills and that’s where they are concerned.”

The trade war between the U.S. and China has been escalating for months, and tensions are also rising between the U.S. and the European Union over long-standing trade issues.

Failed negotiations and threats have started to evolve into punitive policies, especially when it comes to America’s dealings with Beijing.

The president said last week that he is ready to place tariffs on all $500 billion worth of Chinese exports to the U.S. “I’m not doing this for politics, I’m doing this to do the right thing for our country. We have been ripped off by China for a long time,” Trump told CNBC’s Joe Kernen in a “Squawk Box” interview. (RELATED: Trump’s Ready To Hit China With Crushing Tariffs On $500 Billion Worth Of Exports)

While some are in favor of the White House’s plans to protect its agricultural base, others suggest that the assistance programs will distort markets.

Follow Ryan on Twitter

Send tips to ryan@dailycallernewsfoundation.org.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

PREMIUM ARTICLE: Subscribe To Keep Reading

Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign Up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
BENEFITS READERS PASS PATRIOTS FOUNDERS
Daily and Breaking Newsletters
Daily Caller Shows
Ad Free Experience
Exclusive Articles
Custom Newsletters
Editor Daily Rundown
Behind The Scenes Coverage
Award Winning Documentaries
Patriot War Room
Patriot Live Chat
Exclusive Events
Gold Membership Card
Tucker Mug

What does Founders Club include?

Tucker Mug and Membership Card
Founders

Readers,

Instead of sucking up to the political and corporate powers that dominate America, The Daily Caller is fighting for you — our readers. We humbly ask you to consider joining us in this fight.

Now that millions of readers are rejecting the increasingly biased and even corrupt corporate media and joining us daily, there are powerful forces lined up to stop us: the old guard of the news media hopes to marginalize us; the big corporate ad agencies want to deprive us of revenue and put us out of business; senators threaten to have our reporters arrested for asking simple questions; the big tech platforms want to limit our ability to communicate with you; and the political party establishments feel threatened by our independence.

We don't complain -- we can't stand complainers -- but we do call it how we see it. We have a fight on our hands, and it's intense. We need your help to smash through the big tech, big media and big government blockade.

We're the insurgent outsiders for a reason: our deep-dive investigations hold the powerful to account. Our original videos undermine their narratives on a daily basis. Even our insistence on having fun infuriates them -- because we won’t bend the knee to political correctness.

One reason we stand apart is because we are not afraid to say we love America. We love her with every fiber of our being, and we think she's worth saving from today’s craziness.

Help us save her.

A second reason we stand out is the sheer number of honest responsible reporters we have helped train. We have trained so many solid reporters that they now hold prominent positions at publications across the political spectrum. Hear a rare reasonable voice at a place like CNN? There’s a good chance they were trained at Daily Caller. Same goes for the numerous Daily Caller alumni dominating the news coverage at outlets such as Fox News, Newsmax, Daily Wire and many others.

Simply put, America needs solid reporters fighting to tell the truth or we will never have honest elections or a fair system. We are working tirelessly to make that happen and we are making a difference.

Since 2010, The Daily Caller has grown immensely. We're in the halls of Congress. We're in the Oval Office. And we're in up to 20 million homes every single month. That's 20 million Americans like you who are impossible to ignore.

We can overcome the forces lined up against all of us. This is an important mission but we can’t do it unless you — the everyday Americans forgotten by the establishment — have our back.

Please consider becoming a Daily Caller Patriot today, and help us keep doing work that holds politicians, corporations and other leaders accountable. Help us thumb our noses at political correctness. Help us train a new generation of news reporters who will actually tell the truth. And help us remind Americans everywhere that there are millions of us who remain clear-eyed about our country's greatness.

In return for membership, Daily Caller Patriots will be able to read The Daily Caller without any of the ads that we have long used to support our mission. We know the ads drive you crazy. They drive us crazy too. But we need revenue to keep the fight going. If you join us, we will cut out the ads for you and put every Lincoln-headed cent we earn into amplifying our voice, training even more solid reporters, and giving you the ad-free experience and lightning fast website you deserve.

Patriots will also be eligible for Patriots Only content, newsletters, chats and live events with our reporters and editors. It's simple: welcome us into your lives, and we'll welcome you into ours.

We can save America together.

Become a Daily Caller Patriot today.

Signature

Neil Patel