• Trump administration officials and legislators’ lawmakers think help for farmers as jokes in ridicule against US tariffs. China and Canada have already provided duties to some of the main exports of US agriculture. During Trump’s first term, farmers obtained $ 23 billion after an early set of tariffs.

Trump administration officials and legislators begin to explore a Relief package for our agricultural farmers warned economic changes from tariffs of tariffs.

Thus retaliation against President Donald Trump with imported import tax that can damage the exports of farm products.

“We have set the infrastructure that if, in fact, there are some economic results in our farmers’ short terms and we may have programs to go reporters last week.

On Sunday, he told CNN The administration must be prepared in case of “longer injury” by holding legislators’ funds.

John Hoeven (rn.d.) Confirmed discussions about a farming bautout and said he was talking to rollins.

USDA did not immediately respond Fortune’s Ask for comment.

On Wednesday, Trump announced a minimum of 10% Levy with all the imports and at least a higher rate of some trade colleagues. Some countries revenge their own levies against specific industries.

Friday Friday, China – a major export market for farmers – informed of a 34% tariff of US imports, afterwards evacuate An additional 15% of US-grown chicken tariff, wheat, corn, and 10% levy in Sorghum, soybeans, fruits, sea products.

In addition, Canada gave 25% of duties to value items $ 30 billion including peanut butter, orange juice, and coffee. The country is threatened as well to expand the tariffs of $ 155 billion Worthy of imported goods, including chickens, crop, and milk products, if the US continues to trade policy. The European Union is threatened against Soybean, beef, and chicken farmers in the Bloc efforts to target red states.

Trading groups warn that US agricultural export tariffs can damage corn prices, soybeans, cotton, and other plants. The price of soybeans fell more than 3% Friday and falls almost 17% since a year ago. Almost 60% of soybeans, food, and wool in steam made in the US are exported.

“We hope to have a bail,” Barry Evans, a Sorghum and Cotton Farmer in Texas sitting on the board of directors for a sorghum wheat in trade trade, told The Wall Street Journal. “If we don’t get something, it’s a danger.”

The farming industry depends on exports over 20% of annual income, according to American Farmuau Federation.

In 2024, exported to US $ 176 billion Of agricultural products, with 47% go to three countries: Mexico (17.2%), Canada (16.1%), and 14%). According to UsdaSoybeans, livestock products, wooden, fruits, vegetables, grains, and feeds one of the main exports in the US.

Tariffs in Trump’s first term trigger the reciprocity causing more than $ 27 billion in agricultural exports, according to Usda. The government gives farmers $ 23 billion economic assistance to help losing loss.

Retaliatory tariffs add obstacles to a convicted industry. In the last year, Congress approved a $ 10 billion relief package By farmers to help the impact of additional input costs and low-commodity prices and recently began removing help. The new package can be larger while the industry is faced with wide challenges, a congressional aide spoke to WSJ.

“We share the administration’s purpose leveling the fields with our international companions, but the increased tariffs of the farmers last years,” President of the Farm Bureau, Zippy Duvall, told WSJ.

The effect of retaliated tariffs in agricultural exports, US tariffs in imports can also increase prices paid by farmers, pesticides.

Meanwhile, farmers also suffer from the Department of Pictixy at the Department of Government that USAID has broken. Of 2020, the US government has been purchased broken $ 2.1 billion with the help of food from American farmers.

This story originally shown Fortune.com

Source link