Monday, September 9, 2024

USDA assists farmers impacted by trade retaliation

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WASHINGTON — The Trump administration has announced a plan for $12 billion in emergency aid for U.S. farmers hurt by escalating trade disputes with other countries, including China, the European Union, Mexico and Canada.

U.S. Secretary of Agriculture Sonny Perdue announced July 24 that USDA will take several actions to assist farmers in response to trade damage resulting from retaliatory imposition of tariffs on U.S. goods.

USDA said the agency will authorize up to $12 billion in programs, which is in line with the estimated $11 billion impact of the unjustified retaliatory tariffs on U.S. agricultural goods. . .

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