- Trump administration representatives and lawmakers consider assistance to farmers As revenge appears against the tariffs in the US. China and Canada have already charged the duties on some of the best US agriculture payments. During the first term Trump, farmers received $ 23 billion after the previous round of tariffs.
Trump administration and lawmakers started studying aid for US farmers as agricultural trade groups have warned of economic consequences from tariffs.
This is like revenge against the wide tax on the import of President Donald Trump may be detrimental to exports of farm products.
“We create the infrastructure that if we actually have some economic consequences for our farmers and perhaps our ranchers, that we will have programs to resolve this,” Agriculture Minister Brooke Rolinz told reporters.
Sunday, she said Cnn The administration must be prepared in the case of “long -term damage” by posting funds with legislators.
Senator John Hoven (rn.d.) confirmed discussions about the revenue on the farm and said he talked to Rollins.
USDA did not immediately respond to Fortune Request for comment.
On Wednesday, Trump announced a minimum of 10% collection for all imports and even higher rates for some trading partners. Some countries have avenged their levies against specific industries.
Friday is China’s main exports conduct A 15% fare for chicken, wheat, corn and cotton, as well as 10% on Sarga, soy, pork, beef, seafood, fruits, vegetables and dairy products have been added.
Except 30 billion dollars Including peanut butter, orange juice and coffee. The country also threatened to expand its tariffs on 155 billion dollars Imported goods should be imported, including bird, products and dairy products when the US retains its trade policy. The European Union threatened to revenge on the farmers of the Consilities, beef and birds in the efforts of the block to aim at the red states.
Trade groups have warned that tariffs for retaliation in the field of agricultural exports could harm the cost of corn, soy, cotton and other cultures. The cost of the soybeans sank more than 3% on Friday and decreased almost 17% a year ago. Approximately 60% of soy, food and soy oil made in the US is exported.
“We hope that there will be revenue in Texas sitting in the board of directors,” said Barry Evans, Sorga and Cotton Farmer sitting in the Board of Directors, The Wall Street Journal. “If we get nothing, it will be a pretty catastrophe.”
According to the Federation of the US Bureau of Agricultural Bureau.
In 2024, the US exported 176 billion dollars In agricultural products, 47%go to three countries: Mexico (17.2%), Canada (16.1%) and China (14%). As depending on USDASoy, animal products, nuts, fruits, vegetables, grains and feed are one of the main exports of the United States.
Trump tariffs have caused revenge in the first term, which caused more than $ 27 billion in agricultural exports, reports USDA. The government gave farmers $ 23 billion to help offset the loss.
Retail tariffs add obstacles to the fights. Last year Congress approved 10 billion dollars package aid For farmers who will help reduce the impact of the cost of entry and reduced prices for goods and recently started ejected. The new package may be greater as the industry faces extensive problems, said the WSJ Assistant.
“We share the purpose of the administration – to align the game conditions with our international partners, but the increase in tariffs threatens the economic sustainability of farmers who have lost money on most cultures over the last three years,” said the Bureau of Farma, Zippy Duvall, WSJ.
In addition to the impact of tariffs on agricultural export, US import tariffs can also increase prices that farmers pay for equipment, pesticides and fertilizers.
Meanwhile, farmers also suffer from the Government Effective Department that demonstrates USAID. In 2020, the US government acquired approximately 2.1 billion dollars in food assistance to American farmers.
Originally this story was presented on Fortune.com
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2025-04-06 17:11:00
Stuart Dyos
