GOP Free Trade Lawmakers Criticize Trump's $12 Billion Ag Bailout

Trump administration announces $12 billion in emergency aid to farmers

Trump administration announces $12 billion in emergency aid to farmers

"Both the USA and the European Union drop all Tariffs, Barriers and Subsidies!" he wrote.

On Tuesday night, Mr. Trump suggested he was willing to make concessions if Europe would.

Farm products have borne the brunt of tariffs imposed by trading partners angered by U.S. trade actions, and Agriculture Secretary Sonny Perdue said the aid program will provide relief.

"We want to have a fair deal and we're looking to have a fair trade deal and hopefully we can work something out", the president told reporters. China, a huge market for US agricultural exports, has applied tariffs on $34 billion worth of USA goods, including soybeans and pork.

"Any time there are trade issues, embargoes, that sort of thing, or tariffs, it has been negative for agriculture", Recker said.

Republican Senator Ben Sasse of Nebraska, a Trump critic, likened it to "golden crutches" to make up for a trade war that will cost farmers far more.

Senators say the aid package could help short-term, but they're anxious about losing long-term access to export markets. "But we can not overstate the dire consequences that farmers and ranchers are facing in relation to lost export markets", he added, "and we will continue to push for a swift and sure end to the trade war".

Sen. Bob Corker of Tennessee says, "Instead of offering welfare to farmers" to solve a problem the administration created, it "should reverse course and end this incoherent policy".

German producers and supplies employ more than 118,000 people at about 300 plants and manufacture more than 800,000 vehicles per year in the USA - with more than half of the cars being exported, according to figures provided by the German automotive industry.

President Donald Trump said that the USA and the European Union should drop all tariffs, barriers and subsidies, just hours before the bloc's trade chiefs present him with proposals on Wednesday that go a long way toward that outcome in a make or break meeting at the White House. The plan does not authorize any new money, and it does not require approval from Congress.

Under the three USDA aid programs, farmers will either receive direct payments or sell their excess production to the government, Perdue said.

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But when they took a boat tour on Table Rock Lake Thursday and the water started pouring in, Coleman didn't know what to do. A survivor from the family who lost nine relatives said the captain told passengers not to bother grabbing life jackets.

Mark Martinson, who raises crops and cattle in north-central North Dakota and is president of the U.S. Durum Growers Association, said the $12 billion figure "sounds huge" but there are many farmers in need. That's according to two people who have been briefed on the plan who spoke on condition of anonymity ahead of a formal announcement. Many lawmakers expressed skepticism that the plan would yield long-term prosperity for American farmers.

U.S. President Donald Trump takes to the stage to address to the Veterans of Foreign Wars' 119th VFW national convention in Kansas City, Missouri, U.S., July 24, 2018.

Trump may think trade wars are winnable, but perhaps he should tell that to farmers who can't sell their harvest because retaliatory tariffs have made them too expensive.

"There will never be enough money to solve the problem" created by Chinese duties on USA farm goods, said Senator Jerry Moran of Kansas, a Republican.

House Speaker Paul Ryan said he understood Trump's plan and called his goal a "good one" but ultimately said House Republicans do not agree with the practice.

A better deal for Americans, better trade agreements.

"And the farmers will be the biggest beneficiary", Trump added.

Highlighting the complexity of Wednesday's talks, hours before Trump called for the elimination of all tariffs, he had tweeted that "tariffs are the greatest".

Addressing the China trade relationship, Trump wrote on Twitter, "They are being vicious in what will be their failed attempt".

"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.

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