Administration Earmarks Up to $12 Billion for Agriculture to Offset Trade War

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Jerry Moran, R-Kan. "As I travel the state I continue to hear Iowa farmers want more trade, not aid." .

The plan for providing price supports, which doesn't need congressional approval, was rolled out just two days before Trump is set to travel to Iowa, the top USA soybean-producing state. It involves direct payments to farmers, the purchase of excess food and trade promotion programs to help create new export markets.

"The administration is trying to negotiate better trade deals", he said. Pete Hanebutt, the North Dakota Farm Bureau's public policy director, hesitated to comment on the aid package Tuesday afternoon until he learned more about it.

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The plan is expected to go into effect by Labor Day according to the Post. "President Trump must find a way out of this mess so that Iowa's farmers and manufacturers are no longer targets of this trade war." .

The Trump administration has slapped tariffs on $34 billion in Chinese goods in a dispute over Beijing's high-tech industrial policies. Trump also has been under pressure from lawmakers representing rural parts of the country to back away from imposing tariffs.

Agricultural industry publication IEG Policy noted Tuesday that "Officials on the call with reporters were not asked if the push to get the plan out now would make sure that benefits under the effort would start going out to farmers and ranchers ahead of the November elections, but this certainly looks like that was the effort". He wrote in the op-ed that ran in the USA Today, "The president has instructed me to craft a strategy to support our farmers in the face of retaliatory tariffs".

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But speaking out against the "blunt instrument of tariffs" Heidi McAuliffe of the American Coating Association said that chemical materials like polymers were created through "very mature processes", and as such did not constitute the type of innovative technology characterising the Made in China 2025 plan.

Trump's event with a smorgasbord of American goods came at the start of a week in which trade discussions are expected to dominate, including talks with European officials and a trip to IL in which the President is planning to visit a community helped along by his steel tariffs.

The president is meeting with European officials on Wednesday at the White House.

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The potential auto tariffs, which would deal a blow to Germany's mighty automobile industry, come on top of high levies already slapped by Trump on aluminum and steel imports.

Before departing for Kansas City, Trump tweeted that any USA trade partner needs to either negotiate a 'fair deal, or it gets hit with Tariffs. "It's as simple as that". Remember, we are the "piggy bank" that's being robbed. He notes that countries "that have treated us unfairly on trade for years" are coming to Washington to negotiate.

The U.S. Agriculture Department on Tuesday plans to announce a $12 billion package of emergency aid for farmers caught in the midst of President Trump's escalating trade war, two people briefed on the plan said, the latest sign that growing tensions between the United States and other countries will not end soon....

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Meanwhile, Tarun Arora of India-based importer IG International said he expected the 25% tariff rise on USA apples due to be implemented on August 4 to lead to a dramatic drop in volumes to what has this year become Washington State's number-two market.

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