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U.S. to pay farmers up to $16 billion for trade war losses, South to benefit

U.S. to pay farmers up to $16 billion for trade war losses, South to benefit

Publicerat av Tony Harkén fredag, 26 juli 2019.

The U.S. government will pay American farmers hurt by the trade war with China between $15 and $150 per acre in an aid package totaling $16 billion.

The assistance, starting in mid-to-late August, follows Republican President Donald Trump’s $12 billion package last year that was aimed at making up for lower farm good prices and lost sales.

U.S. farmers, a key Trump constituency, have been among the hardest hit in the year-long trade war between the world’s two largest economies. Shipments of soybeans, the most valuable U.S. farm export, to top buyer China sank to a 16-year low in 2018.

Read more at – Reuters

Publicerat av

Tony Harkén

usa

Klockan i Washington, USA

US-WA - Time
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