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Trump Administration Announces $16 Billion Farm Aid Plan to Offset Trade War Losses

Credit: Wochit
Published on May 23, 2019 - Duration: 00:38s

Trump Administration Announces $16 Billion Farm Aid Plan to Offset Trade War Losses

According to Reuters, the Trump administration on Thursday unveiled a $16 billion farm aid package to offset losses from a 10-month trade war with China.

The administration added that payment rates to farmers would be determined by where they farm rather than what crops they grow.

The package, the bulk of which will be spent on direct payments, surprised growers and traders.

Farmers, a key constituency that helped carry U.S. President Donald Trump to his 2016 electoral win, have been among the hardest hit from a trade dispute with China.

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