Trump administration plans $12 billion bailout for U.S. farmers hurt by tariffs

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"Taxpayers are going to be asked to initial checks to farmers in lieu of having a trade policy that actually opens and expands more markets".

As he embarks on a multi-state trip through parts of the country hit heavily by ongoing trade disputes, President Donald Trump is preparing to direct billions of dollars to farmers whose crops have been hurt by tariffs.

The move, which includes several types of assistance, could strengthen Trump's political position ahead of his trade negotiations with European Commission President Jean-Claude Juncker on Wednesday. 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.

Agricultural Committee Chairman Pat Roberts of Kansas says, "They would much prefer trade, rather than aid".

"Just be a little patient", Trump said. They say the industry does not want handouts, but trade deals that will allow exports to grow.

"Our emphasis continues to be on trade and restoring markets, and we will continue to push for a swift and sure end to the trade war and the tariffs impacting American agriculture".

The U.S. imported $360 billion worth of foreign cars, trucks and parts in 2017 and exported $161 billion worth of automobiles and vehicle parts, resulting in a trade deficit in autos of about $200 billion.

President Trump's offer of emergency cash to farmers feeling the brunt of the burgeoning US trade war angered Republicans yesterday, who called it a Band-Aid for a failing policy that has brought the closer to better trade deals with China or Western trade partners.

The aid will be financed through the USDA's Commodity Credit Corporation and will not require congressional approval, Perdue said.

The planned mix of direct payments to farmers, commodity purchases for food-aid programs, and stepped up promotion of new export markets buoyed markets looking for new sources of demand for USA products.

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"Farmers will be the biggest beneficiaries", Trump told the crowd gathered inside Kansas City's Municipal Auditorium.

"And we as farmers are playing the dupes again in this whole process", said Wisconsin farmer Michael Slattery who grows soybeans, corn, wheat and alfalfa with his wife on 300 acres in Maribel, Wisconsin.

Some farmers were more skeptical of the administration's actions, believing the midterm elections in November had more to do with the announcement than concern for farmers.

The program will "assist farmers in response to trade damage caused by illegal retaliatory tariffs", which USDA estimated at $11 billion, Perdue told reporters. "I've made it pretty clear, I don't think tariffs are the right answer". As the man himself said on Twitter Wednesday, any lawmaker who questions his tariffs is "weak". Add Donald Trump as an interest to stay up to date on the latest Donald Trump news, video, and analysis from ABC News.

President Trump tweeted on Tuesday "tariffs are the greatest". but a sizable portion of Americans seem to disagree with him on the matter.

On Tuesday, a senior European official addressed Mr. Trump's claims that unfair trade practices have resulted in a deficit, saying that it is simply a matter of macroeconomics.

Nearly half of the American public also disagree with the Trump administration's trade policy.

President Donald Trump is declaring that "Tariffs are the greatest!" and threatening to impose additional penalties on USA trading partners as he prepares for negotiations with European officials at the White House.

The relief package is intended as a temporary boost to farmers as the United States and China negotiate over trade issues, officials said. "It's as simple as that".