Trump plans to give billions in aid to farmers hurt by tariffs

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The proposal to stabilize farmers, some of whom have watched prices tumble amid ongoing trade disputes, is a recognition that Trump's tariffs are having a short-term impact on the agriculture sector heading into the midterm elections.

The White House will announce on Tuesday that it will be offering $12 billion in emergency aid to farmers hurt by foreign tariffs imposed to counteract President Donald Trump's trade policies, according to a report from The Washington Post.

Sen. John Hoeven, R-N.D., said the funding may need to be approved by Congress and the aid would be temporary.

A number of White House officials, who have been apprehensive about Trump's use of tariffs, had hoped that other countries would quickly offer concessions before things escalated further. "In the near term is there some relief we can look at?" Sasse released a statement saying "This trade war has been cutting the legs out from under farmers and White House's "plan" is to spend $12 billion on gold crutches".

"America's farmers don't want to be paid to lose - they want to win by feeding the world", he said.

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Brennan replied to an earlier message from Trump on Twitter calling tariffs "the greatest". After $34 billion in tariffs against China went into effect earlier this month, China responded with its own equivalent tariffs soon after, targeting US agricultural products including soy, corn, wheat, pork, poultry and more. Trump has threatened to ratchet that up to more than $500 billion, a move that has left financial markets uneasy. Trump wrote. "Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs". "It's as simple as that".

The president has engaged in hardline trading negotiations with China, Canada and European nations, seeking to renegotiate trade agreements he says have undermined the nation's manufacturing base and led to a wave of job losses in recent decades.

President Trump's tariff threats against China, Canada, Mexico and the European Union prompted immediate threats of retaliation.

Farmers have been hit especially hard after our trade partners issued retaliatory tariffs on billions of dollars worth of goods following Trump's 25% and 10% tariffs on steel and aluminum, respectively.