President Donald Trump is seeking an additional $15 billion in U
.S. subsidies in an effort to protect farmers from the devastating impact of his trade war with China. That’s on top of $12 billion already earmarked for the farmers to help them weather the fallout.
Trump revealed the subsidy figure in a tweet Friday. He suggested the government use the funds to buy agricultural products to ship to other nations for humanitarian aid, though setting up such a system would be extremely complicated. In his most recent budget proposal, Trump proposed eliminating three food aid programs, Politico noted.
In fact, the tariffs are paid by U.S. importers, who pass on the extra costs to the American consumer in the form of higher prices for products, a fact White House economic adviser Larry Kudlowadmitted Sunday. Economists have estimated that the trade war is costing the U.S. more than $3 billion a month.
— Donald J. Trump May 10, 2019 The administration last year earmarked $12 billion in aid to farmers, almost all of it in direct payments. Sen. Chuck Grassley and Sen. Jon Tester applied for funds for their farms.
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