April 10, 2018

Trump may shield farmers from tariffs with direct payments

To shield farmers from feeling the brunt of China’s tariff action, the Trump administration is considering direct payments through the Commodity Credit Corporation analysts say. In tit for tat action between President Trump and China’s President Xi on Thursday night, President Trump announced that he is considering another $100 billion of additional tariffs against China. “Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers. In light of China’s unfair retaliation, I have instructed the USTR to consider whether $100 billion of additional tariffs would be appropriate under section 301 and, if so, to identify the products upon which to impose such tariffs,” Trump said. Read more

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