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New $16 billion aid package

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    Posted: May 23 2019 at 8:07pm

Trump unveils $16 bn aid for farmers hurt by China trade war

AFP Heather SCOTT,AFP 1 hour 41 minutes ago 
China was a major market for US soybean farmers, but exports have virtually halted amid the year-long trade war (AFP Photo/STR)

Washington (AFP) - President Donald Trump on Thursday unveiled a new $16 billion aid package to help farmers caught in the crossfire his trade war with China.

"The farmers have been attacked by China," Trump told reporters at the White House. "We're going to help out our farmers and we're giving them that level playing field that is so important."

Trump again claimed that China is paying the 25 percent tariffs he has imposed on $200 billion in imports, which economists agree are paid by businesses and consumers.

"Some of that money will go to the farmers to help them out during a period where trade has been very unfair to them," Trump said.

Agriculture Secretary Sonny Perdue said the bulk of the funds will go to direct payments to crop and livestock producers, while a small portion will be used to purchase food to use in US aid programs like food banks and school lunch programs.

"The plan we are announcing today ensures farmers do not bear the brunt of unfair retaliatory tariffs imposed by China and other trading partners," Perdue told reporters in a conference call.

"Farmers would rather have trade than aid but without the trade they are going to need some support."

Trump's aggressive tariff strategy, especially against China, has drawn stiff retaliation from Beijing and others designed to hit the United States where it hurts: farm country.

Soybeans and pork have been primary targets, but many other crops have suffered directly or indirectly. Soybean exports to China fell 75 percent in 2018, according to Commerce Department figures.

The Trump administration ramped up the aid from the $12 billion provided last year but officials said they increased and redesigned the program this year to make it easier to understand.

There were high hopes early this month that a resolution with China was within striking distance but that optimism largely evaporated when Trump said Beijing had backed away from commitments considered already settled.

- Not playing by the rules -

He more than doubled existing punitive tariffs on $200 billion in Chinese goods, and threatened to hit all the goods that had been spared so far.

"China hasn't played by the rules for a long time and President Trump is standing up to them, sending the clear message that the United States will no longer tolerate their unfair trade practices," Perdue said.

The US Department of Agriculture will calculate damage done by the retaliation, and officials said the first of three payments is expected to go out in July or August.

The officials did not indicate the expected size of the payments, but Perdue said the aid will be "heavily skewed" towards the first payment, while the others will depend on the market and the status of the trade talks.

But reaching an agreement now "depends on China."

USDA officials said the amount each farmer receives will be based on the damage calculated to each US county, with equal payments made to all farmers based on the acreage planted, regardless of crop, to prevent distorting planting decisions.

Crops covered include alfalfa, barley, canola, corn, lentils, rice, peanuts, chickpeas, sorghum, soybeans, sunflower seed and wheat.

Dairy and pork producers, as well as growers of cherries, cranberries and nuts, also will receive support, officials said.

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fiveisalimit View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote fiveisalimit Quote  Post ReplyReply Direct Link To This Post Posted: May 23 2019 at 8:10pm
Anyone favor "Drug Testing" before they receive benefits? 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote basser Quote  Post ReplyReply Direct Link To This Post Posted: May 23 2019 at 9:16pm
This is Don’s trade war. He started it, and he owns it. In a rally in Wisconsin last month, he blathered that America would “never be a socialist country”. Don is opposed to government meddling....unless, of course, it will benefit his re-election. And, no, these welfare recipients will not be subject to a drug test: that is strictly reserved for the everyday “welfare queens”. I especially don’t like Don’s singular focus on the “great patriot farmers” who are impacted by China’s retaliatory tariffs. Hey Don! What about the rest of us Americans paying for the added taxes for your tariffs? Are there no “patriots” other than farmers?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote John Beagle Quote  Post ReplyReply Direct Link To This Post Posted: May 24 2019 at 9:38am
China hasn't played by the rules for a long time and President Trump is standing up to them, sending the clear message that the United States will no longer tolerate their unfair trade practices.


The privilege of a lifetime is being who you are.
-Joseph Campbell
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Post Options Post Options   Thanks (0) Thanks(0)   Quote fiveisalimit Quote  Post ReplyReply Direct Link To This Post Posted: May 24 2019 at 1:44pm
Reminds me of the 80's when Donald Trump, then president of the New Jersey Generals of the USFL, convinced a few others that he could go after the NFL. He would force a merger between the leagues. As part of his strategy, the USFL filed an anti-trust lawsuit (something he is prone to do) against the National Football League in 1986, and a jury ruled that the NFL had violated anti-monopoly laws..... However, a victory in name only (SOMETHING HE IS VERY ADAPT AT) the USFL was awarded a judgment of just $1, which under anti-trust laws, was tripled to $3. This court decision effectively ENDED the USFL's existence. The league never played the 1986 season, and by the time it folded, it had lost over $163 million.    
At times his eyes are bigger than his balls.....
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Houndog Quote  Post ReplyReply Direct Link To This Post Posted: May 27 2019 at 11:42pm
Considering ~30 million acres of land within the US of A is owned by Canada, China, Germany and other various countries something tells me this ‘aid’ may just be funneled to other governmental entities offshore.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote basser Quote  Post ReplyReply Direct Link To This Post Posted: May 31 2019 at 9:28pm
Emmett Kelley was the most famous clown 🤡 of all time until Don made his appearance on the world’s stage. Don’s new tariff war against Mexico has nothing to do with unfair trade practices. Tariffs are Don’s new go-to for countries that will not kowtow to him. For the month, the Dow fell 6.69%, S&P 500 fell 6.58%, and NASDAQ is down 7.93%. Of the US carmakers, GM is down today 4.25% and Ford dropped 2.26%. All of this is a direct result of the 🤡 tariffs. Mexican President Andres Obrador refused to pay for Don’s Wall. Now, with the additional financial burden of Don’s tariffs, the US taxpayers will pay for both. 🤡🤡🤡🤡🤡🤡
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Post Options Post Options   Thanks (0) Thanks(0)   Quote basser Quote  Post ReplyReply Direct Link To This Post Posted: Jun 08 2019 at 9:39pm
Once again, Don starts a fire and then claims to be the only one who can put it out. The tariff war against Mexico is sidelined for now...Don’s scare tactics used against Mexican President Andres Obrador didn’t pan out. Don takes his orders from the most powerful person in the United States government...Mitch McConnell. It was Mitch who told Don to stand down, and he was backed by the US Chamber of Commerce.
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