Wednesday, July 25, 2018 | Tag Cloud
, White House
, Worthy News
(Worthy News) - Key agricultural trade associations praised the Trump administration Tuesday for providing $12 billion to support farmers hurt by an ongoing trade war, but urged the administration to dial back that fight.
The White House announced $12 billion in emergency aid to U.S. farms to help them cope with the retaliatory tariffs other countries have imposed in response to President Trump's tariffs on imports from China, Europe, and others. The aid will be provided through the Agriculture Department's Commodity Credit Corporation, which provides price supports for farmers.
“This is a short-term solution to allow President Trump time to work on long-term trade deals to benefit agriculture and the entire U.S. economy,” Agriculture Secretary Sonny Perdue said. "The president promised to have the back of every American farmer and rancher, and he knows the importance of keeping our rural economy strong." [ Source: Washington Examiner (Read More...) ]
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