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News Link • Government Debt & Financing

Trump To Announce Multibillion Stimulus For Farmers

• by Tyler Durden

Update: the WSJ confirms the earlier report, noting that the Trump administration on Tuesday will announce a plan to extend some $12 billion in emergency aid to farmers amid growing concerns that the U.S. agricultural sector could suffer from President Donald Trump's escalating trade dispute with allies, a person familiar with the matter said.

Earlier this month we reported that not everyone was happy with Trump's trade war with China which has retaliated by levying duties on $34 billion of U.S. products, covering 545 categories, ranging from soybeans, pork, chicken and seafood to sport-utility vehicles and electric vehicles, and as a result of plunging commodity prices, one group emerged as especially hard hit by the administration's tariffs: farmers.

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