Nebraska senators react to $12B plan to assist farmers affected by tariffs

Trump celebrates 'American pride' by inspecting US-made goods

US President Donald Trump took a pessimistic view of talks with European Commission President Jean-Claude Juncker set for Wednesday aimed at averting a trade war.

On Tuesday, the Trump administration announced that it is planning to release billions of dollars in aid for US farmers in order to help protect them from the repercussions of trade spats the Trump administration itself had started with China, the European Union, and other countries.

A crisis of falling prices caused by retaliatory tariffs on American agricultural products prompted the Trump Administration Tuesday to make a $12 billion aid package available for farmers hardest hit by the brewing trade war.

The Trump administration's decision to deliver $12 billion in aid to farmers hit by a burgeoning trade war was panned Tuesday by Republicans in Congress as not fixing the underlying problem - the White House's own trade policies.

"This is a short-term solution to allow President Trump time to work on long-term trade deals to benefit agriculture and the entire US economy", said Sonny Perdue, the secretary of agriculture, in a statement.

The $12 billion will reportedly come in the form of direct assistance, a food purchase and distribution program, and a trade promotion program.

They warned that new duties would be harmful to United States businesses, especially those that rely heavily on products that only China can provide, with one witness decrying the "blunt instrument of tariffs".

The administration has so far downplayed the impact of Trump's ratcheting up of trade tensions on USA producers by emphasizing the long-term benefits of his efforts to even out USA trade relationships.

The Agriculture Department predicted before the trade fights that US farm income would drop this year to $60 billion, or half the $120 billion of five years ago.

The tariffs came in response to $34 billion worth of duties the Trump administration placed on Chinese products.

"These markets have been developed over years and because of trade agreements that we've had and whatnot", Flake said.

Trump had previously directed Agriculture Secretary Sonny Perdue to explore options to mitigate financial losses USA farmers are suffering as trade tensions between the United States and other countries heat up.

'Tariffs are taxes that punish American consumers and producers, ' Kentucky GOP Sen.

"I just don't think the tariff route is the smart way to go", Ryan told reporters on Tuesday.

Tobacco farmer David Phillips says, "There's not as much domestic consumption as there was at one time". China purchased $100 million of Washington cherries past year, Sandison said.

The proposal to stabilize farmers, some of whom have watched prices tumble amid ongoing trade disputes, is a recognition that Trump's tariffs are having a short-term impact on the agriculture sector heading into the elections and also that there is no clear end in sight to escalating trade battles. America's farmers don't want to be paid to lose - they want to win by feeding the world.

Hopefully China will flinch in this unsafe game of trade chicken, and if not they'll probably slap a tariff on that as well.

The aid from USDA will likely do little to solve farmers' problems. They want trade, not aid.

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