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| Economy |
| Perdue says farmer aid package still a work in progress |
| 2019-05-16 |
| WASHINGTON (AP) ‐ Agriculture Secretary Sonny Perdue said Wednesday his agency is still "in the throes of constructing" an aid package for farmers hurt by retaliatory tariffs, but he is not prepared to say when it will be ready. Perdue said the Agriculture Department is reviewing feedback from producers about the strengths and weaknesses of last year’s relief package, valued at up to $12 billion. This year’s package could range between $15 billion and $20 billion, Perdue projected. He also predicted that the relief amount will be enough to offset losses that farmers are facing as a result of lower prices due in part to retaliatory tariffs. President Donald Trump tasked Perdue with putting together another aid package for farmers after talks with China deteriorated in recent weeks. The Trump administration responded by more than doubling tariffs on $200 billion in Chinese imports and spelled out plans to target the $300 billion worth that aren’t already facing 25% taxes. China retaliated with tariffs on $60 billion in U.S. imports. China and other countries hit by U.S. tariffs have largely targeted American agriculture in response to Trump’s tariffs. |
| Posted by:Besoeker |
| #1 The farm bone's connected to the Deere bone, the Deere bone's connected to the bank bone, the bank bone's connected to the Wall Street bone, Now hear the Word of the Lord! |
| Posted by: M. Murcek 2019-05-16 15:11 |