Posts

Showing posts with the label famers bail out support

New farm aid announced amid tariff war, but are Black farmers being left out?

Image
Pres. Trump met with farmers at the White House and  announced a $16 billion government bailout  on Thursday, the second government revenue rescue effort in a year.  He claimed the payout, which is being allocated  through the USDA,  will "all come from China," while the U.S. is  still in the midst of a trade war with them.  This commitment sounds similar to saying Mexico is going to pay for the border wall. The president admitted the politics of the year-long tariff tussle with China has hurt the farming industry.  Some farmers  say Trump can do more and are still waiting for the government to make good on a previous promise for financial aid.  Just last year Pres. Trump endorsed a  $11 billion farm aid package. With no end in sight for the U.S.-China trade negotiations more aid is being offered to absorb some of the blow to farmers' bottom line. “The plan we are announcing today ensures farmers do not ...