Farmers have mixed reactions to Trump's farm aid

Maribel Wis. He and his wife farm 300 acres of mostly soybean and corn but they also have wheat and alfalfa. Slattery said he while he will benefit from emergency

As for how farmers can apply for assistance, those details are still being worked out.

But intra-party condemnation of Trump's trade policy was swift, particularly from Republicans from Midwest and Southern states where the farming industry will be hit hardest.

"White House officials hope it will temporarily quiet some of the unease from farm groups, but the new plan could revive debates about taxpayer-funded bailouts and the degree to which Trump's trade strategy is leading to unforeseen costs", the Post's Damian Paletta and Caitlin Dewey write.

"No one has an interest in having punitive tariffs, because everyone loses in the end", he said.

President Trump has blamed trade deals cut by previous administrations for falling soybean prices and pledged to make sure farmers return to their former glory. "And we also want a big beneficiary, frankly, to be the European Union".

Brussels has already retaliated against the steel and aluminum tariffs, imposing punitive duties on more than $3 billion of United States goods, including blue jeans, bourbon and motorcycles, as well as orange juice, rice and corn. At a minimum, tariffs should be "reciprocal in nature", the president added. He's felt the impact of the trade wars directly as milk prices plummeted again this year following a long downward slide.

The news lifted shares of farm equipment companies on the prospect that farmers will have more money to spend on tractors and other farm gear.

"This administration's tariffs and bailouts aren't going to make America great again, they're just going to make it 1929 again", he said in a statement. Since 2013, overall annual net farm income has decreased by 50 percent, and the USDA predicts it will drop to negative $1,300 this year.

It would also affect business confidence in open markets for years to come, the British bank chief, Mark Carney, said. He wrote on Twitter, "Both the US and the European Union drop all Tariffs, Barriers and Subsidies!"

The Trump administration announced it will provide $12 billion in emergency relief to ease the pain of American farmers slammed by Presi
USDA announces 3-prong approach to aid farmers

China is the biggest buyer of US soybeans, importing more than $12.4 billion worth of the oil seed in 2017, according to the Peterson Institute for International Economics.

There's no sign of a quick resolution to the trade dispute.

The Trump administration imposed tariffs of 25% on about $34 billion worth of Chinese goods earlier this month and has another $16 billion pending.

The Trump administration has threatened new tariffs, and the president is reportedly considering up to a 25 percent tariff on automobile imports - one that could spark more retaliation and affect already hard-hit communities in auto manufacturing hubs like Michigan, Ohio and Kentucky.

The campaign banners highlight a paradox in China-U.S. relations under Trump.

But the EU has in the past floated two ideas to prevent vehicle price wars - getting all big auto makers around the world to drop tariffs or agreeing a limited EU-US free trade deal on goods.

Unfortunately, America's hard-working agricultural producers have been treated unfairly by China's illegal trading practices and have taken a disproportionate hit when it comes to illegal retaliatory tariffs, he said.

And in a pre-dawn tweet, he said, "Tariffs are the greatest!".

Mr Juncker confirmed a new deal had been signed by both leaders on Wednesday that will prevent both nations from introducing new trade tariffs until negotiations are completed. It's as simple as that - and everybody's talking!

Related News:

  • Demi Lovato rushed to hospital due to apparent overdose

    Demi Lovato rushed to hospital due to apparent overdose

    The moment was caught on camera during a performance at the California Mid-State Fair in Paso Robles on Sunday and shared online. Singer Lily Allen called Lovato a "beautiful spirit" and expressed hope that Lovato "makes a full recovery soon".
    Tesla seeking cash from suppliers

    Tesla seeking cash from suppliers

    After the memo was leaked over the weekend, Musk tweeted : "Only costs that actually apply to Q3 & beyond will be counted". Shares of Tesla tumbled Monday on reports that the company asked suppliers for refunds to help it turn a profit.
    NTSB to take custody of fateful Branson duck boat

    NTSB to take custody of fateful Branson duck boat

    The duck boat contained life jackets, but passengers weren't required to wear them, according to Stone County Sheriff Doug Rader. Ripley Entertainment, which owns the duck boat business in Branson, has not responded to questions about Paul's concerns.
  • British man exposed to Novichok discharged

    British man exposed to Novichok discharged

    Det Sgt Bailey is discharged from hospital, but says in a statement: "Normal life for me will probably never be the same". Ms Wilkinson said it was "also a day tinged with sadness for everyone" following the death of Ms Sturgess.
    Trump Sends Rouhani Dire Warning, All Caps

    Trump Sends Rouhani Dire Warning, All Caps

    He accused the United States of working to weaken and "overthrow" the clerical establishment and create divisions in the country. In the case of North Korea, she notes, the crisis was declared over despite any nuclear weapons being dismantled.
    Carmelo Anthony planning to sign with Rockets at vet minimum

    Carmelo Anthony planning to sign with Rockets at vet minimum

    The embattled star will find his new home in Houston , according to the New York Times' Marc Stein , once he clears waivers. With this new trade, the Thunder hopes to send the former All-Star to the Hawks in exchange for guard Dennis Schroder.
  • North Korea Wants End to Korean War Before Talking Nuclear Weapons Surrender

    North Korea Wants End to Korean War Before Talking Nuclear Weapons Surrender

    South Korea has also pushed ahead with its reconciliation with the North since a landmark inter-Korean summit in April. However, the main processing building, gantry tower, and fuel tanks remained untouched, the images showed.
    Nicki Minaj and Tekashi 6iix9ine Drops

    Nicki Minaj and Tekashi 6iix9ine Drops "FEFE" Video

    After leaving the hospital, following the disgusting event, Tekashi spent the day celebrating his new collab with Nicki Minaj . After being slammed by fans for faking the whole robbery idea, Tekashi69 seems to have the police by his side.
    White Helmets have no place in Syria now, expert notes

    White Helmets have no place in Syria now, expert notes

    He also reaffirmed "Israel will continue to act against any attempt by Iran and its proxies to entrench militarily in Syria". The White Helmets , officially called the Syrian Civil Defence, operates a rescue service in rebel-held parts of Syria.
  • Jackpot for tonight’s Mega Millions drawing reaches $433 million

    Jackpot for tonight’s Mega Millions drawing reaches $433 million

    The largest was a $91.8 million cash-value prize claimed by a Virginia man in 2015. The Lotto America jackpot has been climbing since being won in Iowa on May 5th.
    Google profits hit by antitrust fine, but sales soar

    Google profits hit by antitrust fine, but sales soar

    Last year, I wrote that the company doesn't expect to be paying such fines on a regular basis, but that's proven to be wrong this year.
    Trump tweets tariffs ‘are the greatest’ and threatens additional levies

    Trump tweets tariffs ‘are the greatest’ and threatens additional levies

    The Senate has several key races in agriculture-dependent states like Missouri, North Dakota, and in this November. President Trump indicated that countries are finally coming to the negotiating table over trade tariffs.


Most liked

Fiji, Kiwis impress as Aussies crash out
Two tries in the second spell to Kurt Baker and Joe Ravouvou were enough to seal the 12-7 victory and secure a semi final berth. The New Zealand Herald reported that a Kiwi double-double - and two victory hakas - stole the show at the Sevens World Cup.

Nebraska senators react to $12B plan to assist farmers affected by tariffs
Hopefully China will flinch in this unsafe game of trade chicken, and if not they'll probably slap a tariff on that as well. Tobacco farmer David Phillips says, "There's not as much domestic consumption as there was at one time".

Iran Responds to Trump’s Tweet: ‘Be Cautious!’
After withdrawing from the Iran nuclear deal in May, the Trump administration has stepped up its attack on Iran. US Press Secretary Sarah Sanders said that "if anybody's inciting anything, look no further than to Iran".

Kelly Addresses Sex Abuse Claims in New 19-Minute Song 'I Admit'
Kelly released a song about his troubles in similar fashion with 'Heaven I Need a Hug, ' a response to his critics at the time. Kelly unequivocally denies such allegations and will work diligently and forcibly to pursue his accusers and clear his name".