By Ryan Hanrahan
The Wall Street Journal’s Brian Schwartz, Patrick Thomas and Natalie Andrews reported that “President Trump is considering providing $10 billion or more in aid to U.S. farmers as the agriculture sector warns of economic fallout from his far-reaching tariffs, according to people familiar with the discussions.”
“The president and his team are weighing using tariff revenue to fund much of the aid, the people said, adding that distribution of the money could start in the coming months,” Schwartz, Thomas and Andrews reported. “A senior administration official said the discussions have centered on $10 billion to $14 billion in aid. The aid likely would go toward helping soybean producers, as well as other parts of the farm economy. The official stressed that the deliberations were ongoing and that nothing had been definitively settled.”
“‘President Trump and Secretary Rollins are always in touch about the needs of our farmers, who played a crucial role in the President’s November victory,’ said Anna Kelly, a White House spokeswoman, referring to Agriculture Secretary Brooke Rollins,” Schwartz, Thomas and Andrews reported. “‘He has made clear his intention to use tariff revenue to help our agricultural sector, but no final decisions on the contours of this plan have been made,’ she added.”
Source : illinois.edu