Trade war...easy wins!
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A $12 Billion Program to Help Farmers Stung by Trump’s Trade War Has Aided Few
American soybean sales to China — the world’s largest importer of soybeans — have plunged by 94 percent from last year’s harvest.
WASHINGTON — America’s farmers have been shut out of foreign markets, hit with retaliatory tariffs and lost lucrative contracts in the face of President Trump’s trade war. But a $12 billion bailout program Mr. Trump created to “make it up” to farmers has done little to cushion the blow, with red tape and long waiting periods resulting in few payouts so far.
According to the Department of Agriculture, just $838 million has been paid out to farmers since the first $6 billion pot of money was made available in September. Another pool of up to $6 billion is expected to become available next month. The government is unlikely to offer additional money beyond the $12 billion, according to Sonny Perdue, the agriculture secretary.
The program’s limitations are beginning to test farmers’ patience. The trade war shows no signs of easing, with China and the United States locked in a stalemate that has reduced American farmers’ access to a critical market for soybeans, farm equipment and other products. Europe is planning more retaliatory tariffs on top of those already imposed on American peanut butter and orange juice, and Canada and Mexico continue to levy taxes on American goods, including on pork and cheese."
American soybean sales to China — the world’s largest importer of soybeans — have plunged by 94 percent from last year’s harvest.
WASHINGTON — America’s farmers have been shut out of foreign markets, hit with retaliatory tariffs and lost lucrative contracts in the face of President Trump’s trade war. But a $12 billion bailout program Mr. Trump created to “make it up” to farmers has done little to cushion the blow, with red tape and long waiting periods resulting in few payouts so far.
According to the Department of Agriculture, just $838 million has been paid out to farmers since the first $6 billion pot of money was made available in September. Another pool of up to $6 billion is expected to become available next month. The government is unlikely to offer additional money beyond the $12 billion, according to Sonny Perdue, the agriculture secretary.
The program’s limitations are beginning to test farmers’ patience. The trade war shows no signs of easing, with China and the United States locked in a stalemate that has reduced American farmers’ access to a critical market for soybeans, farm equipment and other products. Europe is planning more retaliatory tariffs on top of those already imposed on American peanut butter and orange juice, and Canada and Mexico continue to levy taxes on American goods, including on pork and cheese."
Link?
Why bother you don't read anything but trash.
All the same i information was linked in the Op's article but here is the source for my quote.
And with that i am done with you
https://www.nytimes.com/2018/11/19/us/politics/farming-trump-trade-war.html
MiddleGround
Well-Known Member
Damn! 25 minute response time.
I'll tell the one sharing this space to scream a bit louder next time. Brrrrr
I'll tell the one sharing this space to scream a bit louder next time. Brrrrr
Because it is a very specific posting rule. You copy and paste source material...you link to the source. It's not rocket surgery, shortbus...you can do it.
Fat chance..yr far to slow to get away.
MiddleGround
Well-Known Member
