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Trump plans emergency aid to farmers affected by his tariffs

Trump plans emergency aid to farmers affected by his tariffs

This week the President will visit Granite City, Illinois, the home of a U.S. steel mill that has reopened after he imposed tariffs on steel imports.

Still, farmers dealing with trade turmoil are looking for more permanent solutions, said Senator Jerry Moran of Kansas, a Republican. Pete Hanebutt, the North Dakota Farm Bureau's public policy director, hesitated to comment on the aid package Tuesday afternoon until he learned more about it. "Importantly, the USDA intends to use a Trade Promotion Program to develop new export markets for American agricultural products".

Few outside his inner circle of economic advisers seemed to agree, with House Speaker Paul Ryan voicing rare disapproval of the president's policy.

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

The announcement came hours after Trump tweeted that tariffs "are the greatest!".

Cramer testified before the U.S. Trade Representative's office during a public hearing Tuesday, where he welcomed "strong defensive actions" against China's "unfair trade practices" that he argued previous administrations have failed to curtail.

Speaking Tuesday at a Veterans of Foreign Wars convention in Kansas City, Mo., before the aid was announced, Trump told supporters the United States has "just put up with" what he described as imbalanced tariffs.

It will rely on the Department of Agriculture's authority to stabilize the farm economy by buying excess supply.

"The administration creates a problem for farmers, and now they need to put them on welfare".

Agriculture officials say the plan will not require congressional approval.

Before departing for Kansas City, Trump tweeted that any USA trade partner needs to either negotiate a 'fair deal, or it gets hit with Tariffs.




Punishing tariffs have been introduced on imported goods from Canada, China, and the EU. "But we can not overstate the dire consequences that farmers and ranchers are facing in relation to lost export markets", he added, "and we will continue to push for a swift and sure end to the trade war".

"I don't think our farmers and ranchers long-term want these programs".

"If tariffs punish farmers, the answer is not welfare for farmers - the answer is remove the tariffs", Sen.

"U.S. pork, which began the year in expansion mode to capitalize on unprecedented global demand, now faces punitive tariffs on 40% of its exports", said NPPC President Jim Heimerl, a pork producer from Johnstown, Ohio.

"No one has an interest in having punitive tariffs, because everyone loses in the end", he said.

The White House will have no choice but to attempt a spin of the facts with the program.

Trump has placed tariffs on imported steel and aluminum, saying they pose a threat to USA national security, an argument that allies such as the European Union and Canada reject. "It's as simple as that".

Farmers have been hit especially hard after our trade partners issued retaliatory tariffs on billions of dollars worth of goods following Trump's 25% and 10% tariffs on steel and aluminum, respectively.

"And the farmers will be the biggest beneficiary", Trump added. He notes that countries "that have treated us unfairly on trade for years" are coming to Washington to negotiate.

U.S. President Donald Trump took a pessimistic view of talks with European Commission President Jean-Claude Juncker set for Wednesday aimed at averting a trade war.

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