The Trump administration on Tuesday unveiled a 12-billion-U.S.-dollar aid program for American farmers affected by the growing international trade war as a way of appeasing their rising anger.
The aid is aimed at protecting the interests of soybean, pork and other farmers and reducing the negative impact of tax-raising measures by U.S. trading partners.
The aid will take the form of direct cash payments to farmers, or the purchasing of farm products to serve the poor via government nutrition programs.
Trump earlier tweeted his tariffs as “the greatest,” saying they were intended to pressure countries to change their policies toward U.S. exports.
Soybeans prices fell sharply after China, a major importer, sparked worries among the U.S. farmers?by imposing tariff measures in response to American levies on Chinese imports.
