Donald Trump's bailout plan for farmers criticized by some in GOP

Donald Trump's bailout plan for farmers criticized by some in GOP

Donald Trump's bailout plan for farmers criticized by some in GOP

"My thoughts are the thoughts of farmers".

Northwest Cherry Growers worldwide marketing director Keith Hu this week told Fresh Fruit Portal that the trade war is "definitely impacting" sales from the region to China this season. After Trump hit China with tariffs, they responded with a 179 percent retaliatory tariff on USA sorghum.

The administration has so far downplayed the impact of Trump's ratcheting up of trade tensions on United States producers by emphasizing the long-term benefits of his efforts to even out U.S. trade relationships. Many farmers are accepting that message.

Speaking at the Heritage Foundation, Johnson said these trade disputes "could just totally run out of control" and likened them to "throwing a hand grenade of uncertainty" into the economy. Tammy Baldwin also wrote Trump, saying tariffs are hurting the state's agriculture economy.

Holtz-Eakin said Trump doesn't appear to know what he wishes to achieve with the tariffs.

Sen. Pat Toomey, R-Pa., accused the Agriculture Department of "trying to put a band-aid on a self-inflicted wound". Iowa farmers are the most productive in the world and will always win when they have unrestricted access to markets. "Farmers need contracts, not compensation, so they can create stability and plan for the future", said Brian Kuehl, executive director of Farmers for Free Trade, in a statement. Because it's an existing program, congressional approval isn't necessary.

The move ― which essentially amounts to a federal bailout for the farm industry ― was met with bipartisan criticism on Capitol Hill, as well as astonishment from some Democrats who for years had listened to Republicans excoriate the Obama administration over its stimulus and auto bailout.

"They're all aiming at anybody that likes me", he said.

President Trump tweeted on Tuesday "tariffs are the greatest". but a sizable portion of Americans seem to disagree with him on the matter.

"You have a bad policy that sends farmers to the poorhouse, and then you put them on welfare, and we borrow the money from other countries", said GOP Senator Bob Corker of Tennessee.

Other rank-and-file members also expressed concern.

Farmers already have "quite a few" assistance programs, he said. Ben Sasse (R-Neb.) said in a statement Tuesday. And the farmers will be the biggest beneficiary. Trump's attacks and statements casting doubt on the goal of the North Atlantic Treaty Organization have angered traditional US allies, while his cozying up to dictators around the world like Russian President Vladimir Putin has rankled the USA intelligence community. But Rotz said in Pennsylvania, where corn and soybeans are used for animal feed, the impact has been felt most keenly among fruit and vegetable producers and pork and dairy farmers. (Read the full release here.) The Washington Post first reported the $12 billion plan Tuesday.

The move is an effort to insulate food producers from looming financial losses that would be a direct result of the president's trade policies.

And while emergency government commodity purchases are rare, they're not unheard of.

It's hoped the short term plan announced by the president will help farmers like Phillips.

Agriculture Secretary Sonny Perdue said the government's measures were temporary, and necessary to send "a firm statement that other nations can not bully our agriculture producers to force the United States to cave in", he said in announcing the aid. This has more to do with oversupply than the tariffs, though.

The president said this type of action should have happened years ago, adding, it is "better late than never". "They're like the Washington weather when it comes to tariffs", Sen.

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