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U.S. to Pay Farmers $4.7 Billion to Offset Trade-Conflict Losses

Aug 28 , 2018

The Trump administration pledged to pay farmers $4.7 billion to offset losses from trade disputes with foreign buyers of U.S. agricultural products.

Agriculture Secretary Sonny Perdue said the payments would help protect farmers from “unjustified tariffs” some nations have applied in response to President Trump’s trade policies. China, Mexico, the European Union and other trade partners have levied tariffs on U.S. farm goods from soybeans to pork to apples, leaving growers vulnerable during a downturn in the agricultural economy.

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