Proposed Farm Bailout Could Affect Area Farmers

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

Federated Farmers is dismayed at a $US12 billion plan to shield American farmers from fallout in a trade war with China. On Tuesday, he tweeted that he wants to ask the E.U.to "drop all Tariffs, Barriers and Subsidies" but he knows that the European Union won't go along with it. "It starts with us, but then it will obviously trickle down to equipment purchases, other input purchases that we have on our farm". Juncker said the two sides will not impose any new tariffs as the talks are ongoing.

Colorado farmers like Robert Sakata say they'd rather have trade than aid, but with plummeting commodity prices, they need relief.

'It will be done, ' said Juncker, without giving details of who would buy the soybeans and on what terms. Trump got wins on soybeans and natural gas.

Farm products have borne the brunt of tariffs imposed by trading partners angered by United States trade actions, and Agriculture Secretary Sonny Perdue said the aid program will provide relief. Germany exported almost 500,000 cars to the U.S.in 2017. After Trump hit China with tariffs, they responded with a 179 percent retaliatory tariff on us sorghum.

"This friction that we're having, as long as it results in lowering barriers. that's great". The three countries retaliate with tariffs on a total of nearly $20bn in U.S. products.

Sorghum is only one out of many farm products hit by tariffs from China and other nations in response to the Trump administration's tariffs. Responding in kind, Beijing slapped tariffs worth $34 billion on 545 American goods.

"We will also work to reduce barriers that increase trade in services, chemicals, pharmaceuticals, medical products, as well as soybeans", said Trump. "The Trump administration has not left an easy path to walk away from the fights they've created", Alden said.

It said trading nations like New Zealand work best when everyone agrees on the rules of worldwide commerce, and uncertainty caused by trading disputes is the last thing farmers need.

Maupin, a farmer himself, says that although it is a temporary resolution, more can be done. Remember, we are the "piggy bank" that's being robbed.

Some of the money will also go to boosting export efforts.

The first is a direct assistance program.

The programme, which will be deployed using powers created during the Great Depression, is not meant to extend beyond this year, officials said.

"There is no doubt that farmers have been hurt by trade retaliation, and I understand the good intentions of the Administration to help American agriculture". "Even if the Republicans lose some of their seats, Trump is unlikely to make dramatic changes to his foreign policies", Pan said.

The president's bailout program drew widespread criticism from farm state lawmakers of both parties, including Wisconsin Republican Senator Ron Johnson who said farmers "want trade, not aid".

"National, world, or global policy has seriously affected our price and caused it to go down, well we're at the mercy of that, and I think we are glad to have a little bit of help here, but in the end we don't want to go to the Government office to say hey how much will you give me, we want to make that on our own".

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