President Trump on Thursday unveiled a $16 billion bailout for farmers
hurt by his trade war with Beijing, signaling a protracted fight ahead
that is already prompting some American companies to shift business away
from China.
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Trump's Mexico tariff threat worries US farmers already hit by China trade war
President Donald Trump’s threatened 5% tariff on all Mexican imports could hit American farmers especially hard if Mexico
retaliates with punitive duties on U.S. agricultural products. Farmers
are already reeling from Trump’s drawn out trade war with China and fear
further losses could be in their futures.
Trump tweets American farmers ‘starting to do great again’ – except they are not.
President Trump began his Tuesday with a congratulatory tweet to new
British Prime Minister Boris Johnson, a shout-out to the military and a
rosy assessment of U.S. agriculture: “Farmers are starting to do great
again, after 15 years of a downward spiral. The 16 Billion Dollar China
‘replacement’ money didn’t exactly hurt!”
Trump under pressure to address ethanol and trade pain in Iowa and other farm states
The trade war has cost farmers potential Chinese orders for the
corn-based fuel as well as for a byproduct that is used as animal feed.
Now, the refinery exemptions are compounding the financial pain — and
threatening political consequences for the president, who won this state
and its six electoral votes in 2016.