Trump wants taxpayers to payoff corporate farmers screwed by his Trade War

❝ President Donald Trump set off a wave of outrage…among Republican lawmakers, who accused the president of authorizing a “bailout” and “welfare” for Americans caught in the crosshairs of his own tariffs.

“It’s awful. American farmers want markets, not handouts. This is what we feared all along—that this would just turn into more aid programs,” Sen. Jeff Flake (R-AZ) told The Daily Beast.

❝ Reactions—nearly all of them negative—poured in from Capitol Hill after the Department of Agriculture announced that it would authorize $12 billion in “emergency” subsidies to farmers whose businesses have been hurt by the president’s trade policies, which have sparked retaliatory tariffs from China, Canada, Mexico, and the European Union…

❝ “Our farmers have been in non-stop saying they want trade not aid. And now they’re being put on welfare. So the tariff policies that have been put in place by the administration are now causing them to invoke a welfare policy for our farmers, which I’m sure is not what they wish,” Sen. Bob Corker (R-TN), who has proposed legislation requiring congressional approval of some tariffs, told reporters…

“The administration creates a problem for farmers, and now they need to put them on welfare. I think that’s kind of a misplaced policy,” Corker added.

RTFA for even more. When I first heard this silly-ass proposal my hope was that a few Congressional Republicans remained who weren’t full-time Trump pimps – and would raise a fuss. Here we go!

3 thoughts on “Trump wants taxpayers to payoff corporate farmers screwed by his Trade War

  1. Gweilo says:

    🁢 “U.S. farmers planted more soybean acres than corn for the first time in 35 years even as domestic soy supplies reached the biggest on record for early June, the U.S. Agriculture Department said on Friday.” https://www.agweb.com/article/us-soybean-acres-to-top-corn-for-the-first-time-since-1983/
    🁢 Soybean prices in the U.S. and Brazil, the nations that account for roughly 80 percent of global exports, have taken drastically different paths thanks to Donald Trump’s trade war. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ikqabaJL94_Q/v2/490x-1.png
    🁢 “Soybean giant Brazil swoops on US crop as China trade war punctures prices : Non-Chinese buyers cash on American supplies to feed demand in their own countries, analysts say” https://www.scmp.com/news/china/diplomacy-defence/article/2156195/soybean-giant-brazil-swoops-us-crop-china-trade-war
    🁢 “China, which imports 60 per cent of the soybeans traded worldwide, bought 32.9 million tonnes from the US last year, accounting for 34 per cent of total purchases.
    That total is forecast to drop by 6.8 million tonnes for the 2018/19 crop year, according to the US Department of Agriculture.”
    🁢 “Chinese money pours into Brazil as US trade war bites, with US$54 billion across 100 projects” https://www.scmp.com/news/china/economy/article/2156536/china-turns-brazil-amid-trade-battle-us

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