President Trump is expected to unveil a $16 billion aid package for American farmers who have been hurt by the U.S. trade war with China.
Agricultre Secretary Sonny Perdue says the aid package would come from the tariffs being collected by the Treasury.Farmer walks through his soy fields July 6, 2018, in Harvard, Illinois, the same day China imposed retaliatory tariffs aimed at the US soybean market.The Trump administration is about to unveil its latest aid package for American farmers who have been hurt by the U.S. trade war with China.
Speaking on Fox Business Network on Thursday, Perdue said the aid package would come from the tariffs being collected by the Treasury. Tariffs on Chinese goods have been paid almost entirely by U.S. importers,was scheduled to deliver remarks about U.S. farmers later Thursday. "Details on the new trade mitigation program will be forthcoming shortly, but we want to be clear that the program is being designed to avoid skewing planting decisions one way or another," the USDA said in a statement Tuesday.
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