[Economy] Trump administration unveils $16 billion bailout to farmers hurt by China trade war2019-05-27 23:06:44Hit:323
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- Linkhttps://www.cnbc.com/2019/05/23/trump-to-give-16-billion-to-farmers-hurt-by-trade-war-sonny-perdue.html
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Written on 2019-05-27
Summary:
- The Trump administration announces a $16 billion trade aid program for American farmers that includes a three-prong trade aid package for American farmers who have been hurt by the U.S. trade war with China.
- The centerpiece of the program is cash payments totaling $14.5 billion to producers of a variety of crops as well as dairy and pork producers impacted by retaliatory tariffs.
- Other parts of the relief plan include trade promotion assistance and a commodity purchase program.
Summary:
- The Trump administration announces a $16 billion trade aid program for American farmers that includes a three-prong trade aid package for American farmers who have been hurt by the U.S. trade war with China.
- The centerpiece of the program is cash payments totaling $14.5 billion to producers of a variety of crops as well as dairy and pork producers impacted by retaliatory tariffs.
- Other parts of the relief plan include trade promotion assistance and a commodity purchase program.