Agriculture Department announces $12 billion 'short-term' plan to help US farmers hurt by retaliatory tariffs

The Trump administration is preparing a plan to provide billions of dollars in emergency aid to farmers who have been hurt by tariffs.

Posted: Jul 24, 2018 3:16 PM
Updated: Jul 24, 2018 3:17 PM

WASHINGTON (AP) — The government announced a $12 billion plan Tuesday to assist farmers who have been hurt by President Donald Trump's trade disputes with China and other trading partners.

The plan focuses on Midwest soybean producers and others targeted by retaliatory measures.

The Agriculture Department said the proposal would include direct assistance for farmers, purchases of excess crops and trade promotion activities aimed at building new export markets. Officials said the plan would not require congressional approval and would come through the Commodity Credit Corporation, a wing of the department that addresses agricultural prices.

"This is a short-term solution that will give President Trump and his administration the time to work on long-term trade deals," said Agriculture Secretary Sonny Perdue. Officials said the direct payments could help producers of soybeans, which have been hit hard by the Trump tariffs, along with sorghum, corn, wheat, cotton, dairy and farmers raising hogs.

In Kansas City, meanwhile, Trump told a veterans convention that he was trying to renegotiate trade agreements that he said have hurt American workers, and he asked for patience ahead of key talks.

"We're making tremendous progress. They're all coming. They don't want to have those tariffs put on them," Trump told the Veterans of Foreign Wars national convention.

(backslash)rump declared earlier Tuesday that "Tariffs are the greatest!" and threatened to impose additional penalties on U.S. trading partners as he prepared for negotiations with European officials at the White House.

Tariffs are taxes on imports. They are meant to protect domestic businesses and put foreign competitors at a disadvantage. But the taxes also exact a toll on U.S. businesses and consumers, which pay more for imported products.

The Trump administration has slapped tariffs on $34 billion in Chinese goods in a dispute over Beijing's high-tech industrial policies. China has retaliated with duties on soybeans and pork, affecting Midwest farmers in a region of the country that supported the president in his 2016 campaign.

Trump has threatened to place penalty taxes on up to $500 billion in products imported from China, a move that would dramatically ratchet up the stakes in the trade dispute involving the globe's biggest economies.

Lafayette
Clear
41° wxIcon
Hi: 45° Lo: 26°
Feels Like: 34°
Kokomo
Clear
39° wxIcon
Hi: 43° Lo: 26°
Feels Like: 30°
Rensselaer
Clear
39° wxIcon
Hi: 42° Lo: 22°
Feels Like: 30°
Lafayette
Clear
41° wxIcon
Hi: 43° Lo: 23°
Feels Like: 34°
Danville
Clear
41° wxIcon
Hi: 44° Lo: 25°
Feels Like: 34°
Frankfort
Clear
41° wxIcon
Hi: 45° Lo: 25°
Feels Like: 32°
Frankfort
Clear
41° wxIcon
Hi: 43° Lo: 25°
Feels Like: 32°
Monticello
Clear
41° wxIcon
Hi: 44° Lo: 26°
Feels Like: 34°
Monticello
Clear
41° wxIcon
Hi: 44° Lo: 26°
Feels Like: 34°
Logansport
Clear
41° wxIcon
Hi: 43° Lo: 26°
Feels Like: 32°
Windy, But Warmer For Thursday
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 598313

Reported Deaths: 9529
CountyCasesDeaths
Marion826311317
Lake44778676
Allen32331543
Hamilton28818314
St. Joseph27014378
Elkhart24244343
Vanderburgh19012243
Tippecanoe17701128
Johnson14748289
Porter14574166
Hendricks14074244
Madison10768217
Vigo10584177
Clark10428136
Monroe9222109
Delaware8982134
LaPorte8925159
Howard8061141
Kosciusko796782
Warrick657997
Hancock653599
Bartholomew634097
Floyd6270108
Wayne6037159
Grant5893112
Dubois549477
Boone542267
Morgan526294
Henry500764
Marshall497784
Cass477062
Dearborn467645
Noble466157
Jackson419146
Shelby408180
Lawrence385777
Clinton368240
Gibson362659
DeKalb341364
Montgomery338953
Harrison335343
Knox331339
Miami315744
Steuben309844
Whitley299825
Adams297835
Wabash297747
Ripley294945
Putnam290347
Huntington287559
Jasper286234
White269839
Daviess264773
Jefferson255838
Decatur244382
Fayette243948
Greene237062
Posey235227
Wells232247
LaGrange226061
Clay219932
Scott219538
Randolph210445
Jennings195335
Sullivan190033
Spencer185819
Fountain180827
Washington180222
Starke173943
Jay164822
Owen161737
Fulton161430
Carroll154515
Orange153433
Rush152318
Perry149727
Vermillion146733
Franklin145533
Parke12988
Tipton129532
Pike114626
Blackford109522
Pulaski95637
Newton89921
Brown86533
Benton85410
Crawford7769
Martin71013
Warren6637
Switzerland6325
Union6166
Ohio4747
Unassigned0375

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