NOTE: We’ve never seen a trade war where the winning party has to bail out those damaged by those federal policies for a second time in one year.
President Trump, flanked by more than a dozen U.S. farmers at the White House, on Thursday announced a $16 billion farm aid package to offset losses from the U.S. trade war with China.
Trump told the farmers in attendance, including an Idaho potato farmer wearing a red “Make Potatoes Great Again” cap, that he was “honored to have done this for you.”
“This support for farmers will be paid for by the billions of dollars the Treasury takes in” from China, Trump said. He said it will keep America’s “cherished” farms thriving.