United States President Donald Trump is giving farmers $12 billion
Farm groups and Republican farm-state politicians have lobbied for the subsidies to offset prices for seed, fertilizer and other expenses for next year’s growing season. Soybean sales to China because of tariffs and stalled trade taks.
Up to $11 billion of the aid is meant for a newly designed Farmer Bridge Assistance program for row crop farmers hurt by trade disputes. One billion is for other crops.
During his first term, Trump gave about $23 billion in aid to farmers hurt by his trade policies. Farmers were already set to receive a near-record $40 billion in government payments this year, fueled by ad-hoc disaster and economic aid.
Would the Carney government threaten countervailing duties?