The money for this is coming from where?
Thin air?
Or your tax dollars?
We could be talking about Hundreds of Billions of dollars…..
This gamble just get worst by the minute….
The Trump administration is planning to ease fears of a trade war by announcing later Tuesday billions of dollars in aid to farmers hurt by tariffs, according to two sources familiar with the plan.
The administration’s plan will use two commodity support programs in the farm bill, as well as the Agriculture Department’s broad authority to stabilize the agricultural economy during times of turmoil.
The plan has been in the works for months. It seeks to ensure U.S. farmers and ranchers — a key constituency for President Donald Trump and Republicans — don’t bear the brunt of an escalating trade fight with China, the European Union and other major economies as the administration pursues an aggressive course to rebalance America’s trade relationships.
Trump’s moves to slap tariffs on imports from some of America‘s largest trading partners have prompted retaliation against U.S. farm goods like pork, beef, soybeans, sorghum and a range of fruits.
Trump, back in April, directed Agriculture Secretary Sonny Perdue to devise a plan to mitigate any financial damage to U.S. agricultural producers’ bottom lines that could result from the ongoing trade battles. But the administration has so far offered few details on the amount of aid that would be provided and how it would be distributed…..
Note….
Knowing how fast the US Government works and the paperwork involved?
Anybody think these farmers will last till they get a few bucks?
What about the other manufactures?
Update….
The news was met with immediate pushback and criticism from Republicans, who say the administration is distorting the free market and trying to put farmers on “welfare.”
“They want trade, not aid,” Sen. Ron Johnson (R-Wis.) said of farmers caught in the middle of the trade war.
“This is becoming more and more like a Soviet-type of economy here. Commissars deciding who should be granted waivers. Commissars in the administration trying to figure out how they’re going to sprinkle around benefits,” he said.
“Farmers actually want the free-market system to work as best as possible and they want access to these overseas markets,” he added. “I’m very exasperated. This is serious.”….
Trade adjustment assistance (e.g. stipends and tuition for retraining displaced workers) hasn’t worked very well, or last very long, when tariffs were being lowered. *
I wonder how well such measures can work in the other direction – when tariffs are being raised.
* In fact, of course, the effects of free-trade agreements like NAFTA and the WTO were a major reason that key groups of voters (especially in the Rust Belt) were favorable to the protectionist messages of Bernie Sanders and Donald Trump.
The trade payoffs thing isn’t gonna work
I see it as typical Trump window dressing like the tax bill’s advantages
Invisible