Trump Administration Rolls Out $16 Billion Farm-Aid Program - News Summed Up

Trump Administration Rolls Out $16 Billion Farm-Aid Program


WASHINGTON—The Trump administration said it would spend $16 billion to offset the impact on American agriculture from the trade conflict with China, with most of the money taking the form of direct payments to U.S. farmers. The move Thursday followed a breakdown in talks earlier this month between Washington and Beijing. Amid expectations that American farmers will be hindered selling crops to China’s 1.4 billion-person market, commodity prices sank to their lowest level in more than 10 years.


Source: Wall Street Journal May 23, 2019 16:24 UTC



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