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Title: Trump tapping $12B to help farmers affected by tariffs
Source:
ABC News
URL Source: https://abcnews.go.com/Politics/wir ... s-%20trading-partners-56776822
Published: Jul 24, 2018
Author: KEN THOMAS AND PAUL WISEMAN,
Post Date: 2018-07-24 15:00:56 by Gatlin
Keywords: None
Views: 12062
Comments: 59
The plan focuses on Midwest soybean producers and others targeted by retaliatory measures. The Agriculture Department said the proposal would include direct assistance for farmers, purchases of excess crops and trade promotion activities aimed at building new export markets. Officials said the plan would not require congressional approval and would come through the Commodity Credit Corporation, a wing of the department that addresses agricultural prices. "This is a short-term solution that will give President Trump and his administration the time to work on long-term trade deals," said Agriculture Secretary Sonny Perdue. Officials said the direct payments could help producers of soybeans, which have been hit hard by the Trump tariffs, along with sorghum, corn, wheat, cotton, dairy and farmers raising hogs. In Kansas City, meanwhile, Trump told a veterans convention that he was trying to renegotiate trade agreements that he said have hurt American workers, and he asked for patience ahead of key talks. "We're making tremendous progress. They're all coming. They don't want to have those tariffs put on them," Trump told the Veterans of Foreign Wars national convention. (backslash)rump declared earlier Tuesday that "Tariffs are the greatest!" and threatened to impose additional penalties on U.S. trading partners as he prepared for negotiations with European officials at the White House. Tariffs are taxes on imports. They are meant to protect domestic businesses and put foreign competitors at a disadvantage. But the taxes also exact a toll on U.S. businesses and consumers, which pay more for imported products. The Trump administration has slapped tariffs on $34 billion in Chinese goods in a dispute over Beijing's high-tech industrial policies. China has retaliated with duties on soybeans and pork, affecting Midwest farmers in a region of the country that supported the president in his 2016 campaign. Trump has threatened to place penalty taxes on up to $500 billion in products imported from China, a move that would dramatically ratchet up the stakes in the trade dispute involving the globe's biggest economies. Poster Comment: The government announced a $12 billion plan Tuesday to assist farmers who have been hurt by President Donald Trump's trade disputes with China and other trading partners.
Thank you, Deckard.
Thank you VERY MUCH.
lol ...
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Begin Trace Mode for Comment # 3.
#3. To: Gatlin, government subsidies (#0)
Twitter Government subsidies to farmers to buy votes, and screw Joe Sixpack the taxpayer. Bad policy, plain and simple.
#5. To: hondo68 (#3)
Okay. Thanks for posting this and again showing yet another reason why Rand Paul made such a poor showing in his effort to become the Republican nominee for president and could have never been elected president. He goes off half-cocked and shoots off his big mouth without knowing Trump’s overall plan. The young whipper snapper smart ass had to drop out of the 2016 presidential race because he was short on cash and had NO support. He finished under 5 percent in the Iowa caucuses which was less than one quarter of the support his father had drawn four years earlier. Rand Paul tried desperately to pitch his libertarian- infused brand of conservatism as transformational for the Republican Party and he failed, He FAILED miserably. Now he has “ripped” Trump’s offering of aid to farmers WITHOUT knowing Trumps overall plan and how Trump will handle the grossly imbalanced trade fiasco. Rand THINKS he knows better what to do than Trump does? Give me a frigging break!!! Rand needs to sit down, shut up and let Trump play out his hand. If Trump is wrong, then Rand Paul can easily say “I told you so.” But neither Rand Paul nor anyone else should ever try to second guess Trump at any time. That has been proven often during the last 19 months. Bad policy, plain and simple.
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Replies to Comment # 3. Tariffs are taxes that punish American consumers and producers. If tariffs punish farmers, the answer is not welfare for farmers the answer is remove the tariffs.
Rand Paul said this, eh? Government subsidies to farmers to buy votes, and screw Joe Sixpack the taxpayer.
Since you “seem” to know so much and since you are so well versed in all aspects and ramifications of this newly stated Trump policy that you can declare it plain and simply bad…will you therefore now please tell everyone what Trump’s overall policy and plan is on this matter is?
End Trace Mode for Comment # 3.
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