Federal aid to Iowa farmers provides 'short-term fix... not a long-term solution'

Trump plans $121 billion emergency aid to farmers hit by retaliatory tariffs

The Trump administration on Tuesday said it would provide up to US$12 billion in aid for USA farmers to shield them from the repercussions felt by trade spats between the United States and China, the European Union and others.

Senator Ben Sasse, a Nebraska Republican, said in a statement: "This trade war is cutting the legs out from under farmers and White House's "plan" is to spend $12 billion on gold crutches".

On the cusp of a trade war with the European Union, President Donald Trump meets Wednesday with European Commission President Jean-Claude Juncker, who comes armed with options to diffuse the threat of a 20 percent tariff on European cars.

The tariffs and their welfare handouts are no more than pre-midterm salve for rankled farmers who are more than a little resentful to hear closing market doors in the Far East. Kansas Senator Pat Roberts said, "Once you lose a market you lose it".

Farmers and producers should be able to begin signing up for the aid beginning in September.

"Great to see [Trump] providing aid to farmers impacted by retaliatory tariffs", Cramer wrote on Twitter. But the senior European official admitted that even lowering or eliminating tariffs on steel, aluminum, cars and agricultural products won't significantly address the more $100 billion trade deficit the USA has with the EU.

Finally, the CCC will use its Charter Act authority for a Trade Promotion Program administered by the Foreign Agriculture Service (FAS) in conjunction with the private sector to assist in developing new export markets for our farm products. You watch what's going to happen. "Working with loan programs that allow farmers to have an extended line of credit to give farmers more time to pay back doesn't solve the problem, that just gives us time to stay afloat". "I have an idea for them". Rural voters - many who have deep ties to farming - helped catapult Trump to the presidency in 2016, and China's retaliatory tariffs specifically targeted politically important states and areas. When the conditions were struck, the USA favored a 25 percent tariff on European trucks and SUVs. "Ryan's comments come just hours after Trump tweeted that tariffs were the "greatest" and viewed America as a "'piggy bank" that was being "robbed".

"Farmers need contracts, not compensation, so they can create stability and plan for the future", said Brian Kuehl, executive director of Farmers for Free Trade, in a statement. The US imported roughly $46bn of the two metals in 2017.

Shortly after her comments, Heitkamp announced a new bill aimed at helping farmers and ranchers recover their losses as a result of the administration's trade policies. China, for example, imposed 25% tariffs on soybeans, corn and wheat along with beef, pork and poultry since July 6. "The answer is remove the tariffs". "I don't think this will cover us for a very long time - and it might not even buy me a tank of diesel".

The imposition of punishing tariffs on imported goods has been a favored tactic by Trump, but it has prompted USA partners to retaliate, creating risks for the economy.

The tariffs came in response to $34 billion worth of duties the Trump administration placed on Chinese products. He has also threatened to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that past year totaled $335 billion. The U.S. and European allies have been at odds over the president's tariffs on steel imports and are meeting as the trade dispute threatens to spread to automobile production.

Related news:

Hot News

isis-killer-beheading-video-story-top Israel approves Apartheid law, global Jewish groups back BDS
Jul 25, 2018 - 13:11
The Israeli parliament Knesset adopted on Thursday, a law on the national Jewish character of the State of Israel . Sixty-two legislators of the 120 voted for the bill , 55 against it, and two abstained.

isis-killer-beheading-video-story-top Demi Lovato overdose not caused by heroin
Jul 25, 2018 - 09:26
Many other stars felt this way, telling the 25-year-old through their social media accounts that they were "rooting" for her. Bollywood actress Priyanka and her boyfriend Nick Jonas have also sent prayers to the pop star through their tweets.

isis-killer-beheading-video-story-top Jimmy Kimmel Shreds Trump's Double Standard On Russia And Iran
Jul 24, 2018 - 20:58
In a separate development on Sunday, US Secretary of State Mike Pompeo said the Iranian regime "resembles the mafia more than a government".

isis-killer-beheading-video-story-top Tour de France riders sprayed with tear gas amid protest by farmers
Jul 24, 2018 - 20:27
It's the yellow jersey in the Tour de France , It's a massive honour just to be wearing it. HISTORY: Bagneres-de-Luchon is a Tour de France classic, having hosted the race 58 times.

isis-killer-beheading-video-story-top 'When we win I'm German, when we lose I'm an immigrant' - Ozil
Jul 24, 2018 - 19:53
The leader of the ruling Justice and Development Party said he spoke to Ozil on Monday and hailed him for his approach. Ozil said his recent treatment made him "no longer want to wear the German national team shirt".

isis-killer-beheading-video-story-top Pakistan Elections: Campaign rallies end ahead of Wednesday's vote
Jul 24, 2018 - 19:45
Almost 106 million Pakistanis, including more than 19 million new voters, will be eligible to cast their ballots on Wednesday. The military has ruled Pakistan through various coups for almost half of the country's history since independence in 1947.

isis-killer-beheading-video-story-top Tesla's call for suppliers to refund cash 'reeks of desperation'
Jul 24, 2018 - 18:57
FILE PHOTO: A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Richmond, California, U.S. Based on the WSJ report, suppliers appear reluctant to compromise their own profitability to buoy Tesla .

isis-killer-beheading-video-story-top North Korea begins dismantling test-site facilities, U.S. think-tank says
Jul 24, 2018 - 18:53
U.S. intelligence officials said last month that Pyongyang was working to hide key aspects of its nuclear programme. EastWest Institute COO Bill Parker on the state of the Trump administration's nuclear talks with North Korea.

isis-killer-beheading-video-story-top Trump should disclose details of conversation with Putin, - ex-head of Central Intelligence Agency
Jul 23, 2018 - 14:45
Asked whether he agreed with that statement , Barletta's campaign said "Russia is clearly an adversary of the United States". It remains to be seen if Trump will take questions this week, or if press secretary Sarah Sanders will hold daily briefings.

isis-killer-beheading-video-story-top Liverpool 1-3 Borussia Dortmund: Pulisic scores twice against depleted Reds
Jul 23, 2018 - 14:05
Better was to follow for the American, a target for Sunday's opponents, as he put the Germans into the lead with a minute to play. Milner nearly doubled the lead in the 56th minute but the midfielder's 25-yard curler narrowly cleared the crossbar.

isis-killer-beheading-video-story-top President Trump Says He Holds Putin 'Responsible' for Election Meddling
Jul 21, 2018 - 12:46
And that's the way it's going to be", Trump was quoted by CNN saying. "I will say this I don't see any reason why it would be". On Monday, attention was drawn to Helsinki where the United States and Russian leaders held a historic summit.

isis-killer-beheading-video-story-top Sony's Spider-Man PS4 is Very Nice
Jul 21, 2018 - 12:27
Mary Jane and Miles will no doubt become invaluable to Spider-Man's efforts in saving the city during the course of the game. Today, Sony unveils a new limited edition console that puts the aforementioned "Days of Play" variant to shame.

isis-killer-beheading-video-story-top Microsoft's earnings beat expectations as cloud business booms
Jul 21, 2018 - 11:45
For the fourth quarter that ended on June 30, the tech giant reported revenue of $30.1 billion and net income of $8.9 billion. The revenue grew 8% (up 6% in CC) and the total Office 365 consumer subscribers have reached 31.4 million.

isis-killer-beheading-video-story-top First, RaGa says PM can't see eye-to-eye, then hugs him
Jul 21, 2018 - 11:09
The prime minister shook hands with him but ignored Gandhi's request to stand so that he could hug him. Congress President also thanked PM Modi for showing him the importance of Congress.

isis-killer-beheading-video-story-top Fabregas adds fuel to Conte sack reports
Jul 21, 2018 - 10:53
Sarri's first game at the helm is scheduled to be the July 23 friendly against Perth Glory in Western Australia. During Antonio's time at the club, we won our sixth league title and eighth FA Cup.