On Monday, the U.S. Department of Agriculture announced that it will start passing out $4.7 billion in direct aid to farmers on Sept. 4 to help them stay afloat while President Trump wages his trade war with China and other countries. The bulk of the direct aid, $3.6 billion, will go to soybean growers. Separately, the administration will spend $1.2 billion to buy certain "commodities unfairly targeted by unjustified retaliation," the USDA said, and spend another $200 million helping farmers develop alternative foreign markets. In July, the Trump administration said the subsidy program will provide up to $12 billion in aid to farmers.
Agriculture producers have been pretty clear that they want to trade their products, not take government handouts. They are also worried that when the trade war is over, the foreign markets they have spent years cultivating — China large among them — will have found other countries to purchase from.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Why Serbian protesters set off smoke bombs in parliamentTHE EXPLAINER Ongoing anti-corruption protests erupted into full view this week as Serbian protesters threw the country's legislature into chaos
-
How to do the 75 Hard trend the soft wayThe Week Recommends The 75 Soft Challenge might be more your speed if you're trying to hit a soft reset
-
Rep. Sylvester Turner dies, weeks after joining HouseSpeed Read The former Houston mayor and longtime state legislator left behind a final message for Trump: 'Don't mess with Medicaid'
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
