President Donald Trump is flying to Iowa this week in a bid to calm frantic farmers scrambling with the devastating financial fallout of his trade war with China and other countries, the Des Moines Register reported. The planned visit to Dubuque Thursday comes two weeks after Vice President Mike Pence’s trip to the same state, where he also tried to soothe farmers. The price of American soybeans has already dropped some 20 percent since Trump levied import tariffs on steel and aluminum, triggering retaliatory penalties from China on soybeans, pork and other crops, the newspaper noted. The Trump administration has signaled that it’s prepared to turn to the public Commodity Credit Corporation and its $30 billion to bail out farmers grappling with the trade war the president launched. Blum is hosting Trump on his trip this week, the congressman announced on Twitter.

Source: Huffington Post July 23, 2018 02:48 UTC