The Trump Administration said Thursday it will give $16 billion to farmers to offset their lost income due to the trade brawl with China. The subsidies may buy some political time to resume negotiations, but they also underscore the economic harm and political risk of President Trump’s trade showdown. America’s heartland is hurting as farm income has fallen due to low commodity prices, bad weather and flooding, and trade disruption, despite a buoyant national economy. The nearby chart shows the trend in agricultural GDP in...

Source: Wall Street Journal May 23, 2019 23:20 UTC