Great news everyone!
Trump has devised the perfect plan to keep his trade war in full swing without farmer taking the brunt of it. He’s going to spend billions in taxpayer money bailing them out!
BREAKING: White House readies plan to extend about $12 billion in emergency aid to farmers caught in Trump’s escalating trade war https://t.co/HfEvDBZu6I
— Aaron Blake (@AaronBlake) July 24, 2018
Here’s more from Politico:
The Trump administration is planning to ease fears of a trade war by announcing later Tuesday billions of dollars in aid to farmers hurt by tariffs, according to two sources familiar with the plan.
The administration’s plan will use two commodity support programs in the farm bill, as well as the Agriculture Department’s broad authority to stabilize the agricultural economy during times of turmoil.
The plan has been in the works for months. It seeks to ensure U.S. farmers and ranchers — a key constituency for President Donald Trump and Republicans — don’t bear the brunt of an escalating trade fight with China, the European Union and other major economies as the administration pursues an aggressive course to rebalance America’s trade relationships.
Trump’s moves to slap tariffs on imports from some of America‘s largest trading partners have prompted retaliation against U.S. farm goods like pork, beef, soybeans, sorghum and a range of fruits.
Trump, back in April, directed Agriculture Secretary Sonny Perdue to devise a plan to mitigate any financial damage to U.S. agricultural producers’ bottom lines that could result from the ongoing trade battles. But the administration has so far offered few details on the amount of aid that would be provided and how it would be distributed.
“during times of turmoil”?
This so-called turmoil is Trump’s own doing!
As Allahpundit put it on Twitter…
Bailing out farmers from a trade war you instigated is next-level MAGA
— Allahpundit (@allahpundit) July 24, 2018
Exactly. What a joke.
Why not just get rid of the tariffs so other countries will get rid of their retaliatory tariffs and PROBLEM SOLVED. No need for aid money at all.
Here’s more responses from Twitter:
Let me get this straight. We are about to spend taxpayer money to bail out these people, who are in trouble because of one of our tax policies, because that is easier (politically) than curbing Trump's tariff power. The stupidity is physically painful. https://t.co/BJscvSLQEd— Leon Wolf (@LeonHWolf) July 24, 2018
Supporting a $12 billion bailout to those harmed by Trump's anti-trade agenda to own the libs... https://t.co/y6oHrrvRE5— Rory Cooper (@rorycooper) July 24, 2018
He’s playing seven-dimensional Twister https://t.co/rfxOzQQd2h— Allahpundit (@allahpundit) July 24, 2018
We can pay for it with a windfall profits tax on our completely revitalize steel industryhttps://t.co/TCvyWXN45s— David Burge (@iowahawkblog) July 24, 2018
So glad that the era of government bailing out private sector industries is over!! https://t.co/hvxKmyxxsf— Boo George (@RobGeorge) July 24, 2018
Bad news: Trump is basically Bernie Sanders.— Emily Zanotti’s Great & Unmatched Wisdom (@emzanotti) July 24, 2018
Good news: Millennials who can't pay off their student loans can now become farmers we pay not to grow things. https://t.co/PQbNQTT2IX
Just when you thought Trump’s trade war couldn’t get worse…
For those of you who might be wondering if this is for real…
BREAKING: Agriculture Department announces $12 billion 'short-term' plan to help US farmers hurt by retaliatory tariffs.— The Associated Press (@AP) July 24, 2018