Trump plans to give billions in aid to farmers hurt by tariffs

Trump Tapping $12B to Help Farmers Affected by Tariffs

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

But it is a bit novel to hit farmers with one hand and then offer them compensation with the other, and it could even expose the sanctions by the World Trade Organization for supplying the same sorts of illegal subsidies of which Trump likes to complain.

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.

Punishing tariffs have been introduced on imported goods from Canada, China, and the EU. White House officials hope it will quiet some of the unease from farm groups, but the new plan could revive debates about taxpayer-funded bailouts and the degree to which Trump's trade strategy is leading to unforeseen costs. But in response to American tariffs, Beijing imposed its own on soybeans, in addition to other American agricultural products.

Soy prices have fallen particularly hard in the past few months, though Trump has tried to deflect blame and promised to somehow take care of these farmers, many of whom are from politically crucial states like Iowa and Wisconsin.

President Trump issues strong warning to Iranian president on Twitter
But on Sunday, US Secretary of State Mike Pompeo , opened a war of words when he compared Iran to a "mafia". The Iranians threatened to block the strait in 2008 and 2011, but backed down both times.

"Countries that have treated us unfairly on trade for years are all coming to Washington to negotiate", Trump tweeted. "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. Trump has threatened to ratchet that up to more than $500 billion, a move that has left financial markets uneasy.

During a Monday event at the White House featuring American-made goods, Trump displayed a green hat that read, "Make Our Farmers Great Again". "For decades, we've seen tariffs, we've seen barriers to selling product, and it needs to be fixed".

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

Canada, Mexico and the European Union also struck back at Trump's leveling of USA steel and aluminum tariffs by hitting U.S. exports of agriculture products and other heavily exported United States goods.

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