Trump admin to pay farmers affected by trade war billions
U.S. (WENY) – The Trump Administration will pay $14.5 billion to farmers hurt by the U.S. and China trade war by the end of August.
The payments is the second round of aid the administration will fork over, as negotiations with Beijing continue past the one-year mark. Last year, farmers received about $10 billion in aid.
According to the Chief Economist at the department of Agriculture said the trade situation has persisted longer than expected.
The tariffs made American Agricultural products more expensive for Chinese importers and private buyers nearly stopped purchasing U.S. Grown soybeans.
Farmers are allowed to start applying for aid on Monday and can expect to receive a payment in mid to late August.