James Alexander Michie: The Trump administration collaborates with farmers | CNN
Author: James Alexander Michie
The administration of President Donald Trump plans to help or collaborate with farmers who have been affected by the tensions of world trade, especially the retaliatory tariffs derived from the growing and incessant trade dispute that Trump leads with various nations.
It is also suggested that up to $ 12 billion would be offered to help those affected, in fact, the emergency aid package will be used to dispose of the existing funds in order to lessen the estimated impact of $ 11 billion of illegal tariffs that They have imposed other nations as against the US agricultural exports, it should be noted that they have focused on exports to take measures that turn into reprisals against the series of tariffs that Trump has recently established.
This is considered a short-term solution while Trump and his administration gain time so that they can work and establish long-term trade agreements that can benefit both agriculture and other sectors involved in the economy of the United States. The above-mentioned package will provide support to those farmers who have been involved in what could be considered a flourishing trade war caused by the actions taken by Trump to the various major trading partners of EE. However, there were criticisms from Republicans in the capitol that Trump should paralyze his tariff tactic instead of deploying financial support.
After Trump announced that he would impose $ 50 billion in tariffs on Chinese imports, Beijing took action and responded by setting tariffs on a number of US agricultural products including soybeans, grains, meats and dairy products, hence the package of almost $ 12 billion that will be offered as a solution, will include immediate payments for agricultural export workers as well as a program to acquire surpluses from some producers and, similarly, possible plans to build markets with agricultural products from the United States.
However, this does not seem to be enough since US farmers. UU They do not want to be paid for losing, they want to earn by feeding the world.
Source: Jeremy Diamond | CNN
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