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Trump offers farmers extra $ 4.9 billion in trade relief

December 17, 2018 US 0 Views Story Continued Below "Today I'm Got t on my promise to defend our Farmers & Ranch substitute from unauthorized counterfeits by foreign nations ", chairman Donald Trump tweeted . "I have an authorized secretary [Sonny] Perdue to complete the second round of market compensation payments. Our economy is stronger than ever – We stand with our peasants!" The USDA in July approved up to $ 12 billion to help producers who handled low commodity prices among Trump's trade disputes. After Trump-dropped tariffs on imports of steel and aluminum and a wide range of Chinese goods, other countries introduced reimbursement duties on US agricultural products, such as soybeans and pork, lowered demand and subdued prices. "Although positive moves on US farmers continue to experience losses due to unfair trade destruction from foreign nations," Perdue said in a statement. "This help will help with short-term cash flow issues as we move into the new the year. "[19659010] By signing up, you agree to receive POLITICO e-mails or warnings. You can cancel your subscription at any time. The additional trade allowance for 2018 production announced today follows a rate of 6.3 billions of dollars the USDA presented in August, which contained $ 4.7 billion in direct payments, $ 1.2 billion in goods purchases and $ 200 million in market development efforts. The registration period ends January 15, but producers have until May to certify their 2 018 production. Farmers and commodity groups have complained that state aid…

Story Continued Below

“Today I’m Got t on my promise to defend our Farmers & Ranch substitute from unauthorized counterfeits by foreign nations “, chairman Donald Trump tweeted . “I have an authorized secretary [Sonny] Perdue to complete the second round of market compensation payments. Our economy is stronger than ever – We stand with our peasants!”

The USDA in July approved up to $ 12 billion to help producers who handled low commodity prices among Trump’s trade disputes. After Trump-dropped tariffs on imports of steel and aluminum and a wide range of Chinese goods, other countries introduced reimbursement duties on US agricultural products, such as soybeans and pork, lowered demand and subdued prices.

“Although positive moves on US farmers continue to experience losses due to unfair trade destruction from foreign nations,” Perdue said in a statement. “This help will help with short-term cash flow issues as we move into the new the year. “[19659010] By signing up, you agree to receive POLITICO e-mails or warnings. You can cancel your subscription at any time.

The additional trade allowance for 2018 production announced today follows a rate of 6.3 billions of dollars the USDA presented in August, which contained $ 4.7 billion in direct payments, $ 1.2 billion in goods purchases and $ 200 million in market development efforts. The registration period ends January 15, but producers have until May to certify their 2 018 production.

Farmers and commodity groups have complained that state aid does not have r have been enough to compensate for the financial consequences of the administration’s customs policy. USDA does not plan further commercial aid for 2019 production, officials have said.

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