China is buying soybeans again, but Trump is still paying farmers hurt by tariffs

President Donald Trump said Monday that he would release a second round of payments to farmers hurt by tarif...

Posted: Dec 18, 2018 9:55 AM
Updated: Dec 18, 2018 9:56 AM

President Donald Trump said Monday that he would release a second round of payments to farmers hurt by tariffs, even after China resumed buying US soybeans last week.

"Today I am making good on my promise to defend our Farmers & Ranchers from unjustified trade retaliation by foreign nations," Trump tweeted.

Agriculture

Agriculture, forestry, and commercial fishing

Asia

Business and industry sectors

Business, economy and trade

China

Continents and regions

Crop production

Donald Trump

East Asia

Government and public administration

Government bodies and offices

Grain and feed crops

International trade

Political Figures - US

Politics

Trade and development

US federal government

White House

Beans and legumes

Consumer products

Food and drink

Food products

Kinds of foods and beverages

Exports and imports

Farm workers

Labor and employment

Workers and professionals

Economic policy

Economy and economic indicators

International trade law

Tariffs and customs

Trade regulation and policy

North America

The Americas

United States

Soybean growers have been hit especially hard. China, their biggest foreign market, stopped buying US soybeans in July in retaliation for new American tariffs. But China placed a massive new order last week, as part of a temporary trade truce between the two countries.

Still, it won't make up for the business that soybean farmers lost this year due to the trade war. The Farm Bureau has estimated that exports to China are down 97% and prices reached historic lows this summer. Many farmers had to put their soybeans in storage after harvesting them this fall.

"While there have been positive movements on the trade front, American farmers are continuing to experience losses due to unjustified trade retaliation by foreign nations," Secretary of Agriculture Sonny Perdue said in a statement Monday.

"This assistance will help with short-term cash flow issues as we move into the new year," he added.

The aid package came after multiple countries slapped tariffs on American commodities in retaliation for the Trump administration's move to impose tariffs on foreign steel and aluminum, as well as on a variety of imports from China.

When the first tariffs went into effect in the spring, Trump himself promised to "make it up" to farmers, calling them "patriots" and saying the policies would be better for them in the long run. In addition to the emergency aid, he made sure the new United States-Mexico-Canada trade deal would begin to open the Canadian dairy market to US producers.

The package allocates a total of about $9.6 billion to producers of almonds, cotton, corn, dairy, pork, soybeans, sorghum, sweet cherries and wheat. Farmers must apply for the aid, and will receive an amount based on how much they have produced.

The US Department of Agriculture released the first half of aid in September and said at the time that additional money might be released in December. Soybean, dairy, wheat and corn farmers have complained that the first round was not enough.

In October, the National Milk Producers Federation asked Perdue for more help, arguing that the industry had lost more than $1 billion since the retaliatory tariffs had been placed on dairy goods in May. A total of $255 million has been set aside for dairy farmers.

Farm industry groups have repeatedly said that while the aid helps, what they really want are open markets so they can sell their produce abroad.

"While this assistance package will help a number of our farm families during this year of severe economic challenge, the best way to provide lasting relief is to continue pushing for trade and tariff reform from trading partners like China, Canada, Mexico, India, Turkey and the European Union," Farm Bureau President Zippy Duvall said in a statement Monday.

West Lafayette
Few Clouds
36° wxIcon
Hi: 46° Lo: 29°
Feels Like: 32°
Kokomo
Clear
33° wxIcon
Hi: 43° Lo: 29°
Feels Like: 26°
Rensselaer
Clear
36° wxIcon
Hi: 45° Lo: 28°
Feels Like: 29°
Fowler
Clear
36° wxIcon
Hi: 46° Lo: 28°
Feels Like: 29°
Williamsport
Few Clouds
36° wxIcon
Hi: 47° Lo: 28°
Feels Like: 32°
Crawfordsville
Overcast
36° wxIcon
Hi: 47° Lo: 29°
Feels Like: 30°
Frankfort
Scattered Clouds
37° wxIcon
Hi: 46° Lo: 30°
Feels Like: 37°
Delphi
Broken Clouds
37° wxIcon
Hi: 45° Lo: 29°
Feels Like: 31°
Monticello
Broken Clouds
37° wxIcon
Hi: 44° Lo: 28°
Feels Like: 31°
Logansport
Clear
34° wxIcon
Hi: 42° Lo: 27°
Feels Like: 34°
Fair Weather Continues
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 350970

Reported Deaths: 5973
CountyCasesDeaths
Marion47763893
Lake30007480
Allen20256333
Elkhart18510245
St. Joseph18319243
Hamilton14971181
Vanderburgh10862134
Tippecanoe991133
Porter915392
Johnson7484177
Hendricks7143163
Vigo6580105
Monroe591453
Madison5732125
Clark564884
Delaware5434108
LaPorte5171104
Kosciusko501846
Howard400578
Bartholomew367565
Warrick360574
Wayne355192
Floyd348878
Marshall333949
Cass319132
Grant315652
Hancock307762
Noble284750
Boone274656
Henry272141
Dubois262934
Jackson255237
Morgan251845
Dearborn249733
Gibson217033
Shelby212861
Knox207722
DeKalb204438
Clinton202224
Lawrence200549
Wabash190623
Miami188118
Adams187424
Daviess174246
Montgomery167029
Jasper165015
Ripley164521
Fayette163837
Steuben163016
Harrison162024
LaGrange156533
Whitley156516
Huntington147211
White147024
Putnam142530
Wells142533
Decatur141846
Randolph139524
Clay138026
Jefferson137618
Posey133620
Scott124024
Greene117954
Jay113315
Sullivan109018
Jennings102415
Starke100828
Spencer9578
Fulton94219
Fountain9228
Perry88021
Washington8789
Franklin79528
Carroll79313
Orange74428
Vermillion72810
Owen71410
Parke6796
Tipton66527
Blackford62715
Rush6278
Newton62113
Pike57421
Pulaski48020
Benton4423
Brown3995
Martin3896
Crawford3421
Union2972
Switzerland2765
Warren2763
Ohio2477
Unassigned0285

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events