The federal government will spend an additional $16 billion to help farmers hurt by the US-China trade war, Agriculture Secretary Sonny Perdue announced Thursday. US farmers have been among the hardest hit by the escalating trade war between the two countries, and both sides are bracing for additional pain resulting from the latest volley of tariffs announced earlier this month.

Perdue said President Donald Trump approved the farmer aid to undermine China’s efforts to retaliate against US tariffs.

“Well, President Trump feels what they’re trying to do is really outlast him and that’s not gonna work. Their economy has hurt a lot more than our agricultural economy and that’s why President Trump has authorized a $16 billion facilitation program,” Perdue said Thursday morning on Fox Business.

Perdue said that the farmer aid will be paid for by an equivalent amount the US expects to pull in through tariffs. But Perdue also claimed that “China’s gonna pay for these” — a false assertion made repeatedly by Trump.

The tariffs will instead be paid for by companies importing goods into the US and are often passed on to US consumers in the form of price hikes, a reality acknowledged by Trump’s own top White House economic adviser Larry Kudlow.

Trump last year already promised farmers a $12 billion aid package to help mitigate the first wave of Chinese retaliatory measures after Trump slapped tariffs on Chinese imports.
Trump is expected to address the new farmer aid package in remarks Thursday afternoon at the White House.

Talks between the US and China broke down earlier this month after US officials said China reneged on key parts of an agreement that was close to completion.

Chinese President Xi Jinping has in recent days indicated he is readying his country for a prolonged trade war, calling for his people to prepare for a “new Long March” — a reference to a difficult period in China’s history.

Trump has already warned that he is prepared to impose additional tariffs on the remainder of Chinese exports to the US, a move that would hit consumer goods like toys and electronics that were spared in the first round.

The two leaders are expected to meet face to face on the sidelines of the G20 late next month, and US and Chinese officials have both indicted that the trade war can only be resolved by Trump and Xi.


https://denver.cbslocal.com/2019/05/23/trump-bail-out-farmers-china-trade-war

Reparations:

https://www.reuters.com/article/ala...m-oil-royalty-fund-idUSL1N11N03U20150917

Alaska will give each resident more than $2,000 next month as the annual payout from an oil wealth trust fund, a state revenue official said on Wednesday, a record amount despite the collapse in oil prices last year.

And we let China buy the only in-country source of rare earths some years ago and now they are threatening to not sell us any. That could be a big deal.

https://geology.com/articles/rare-earth-elements/

We can get them from other countries.
We hold all of the cards with China. They need us to survive. We only need them because they produce cheap goods that we can buy from someone else, if necessary. This is going to drag on for a couple years. The Chinese are hoping Trump loses reelection and they can deal with someone else in 2021

That's why we owe em a trillion bucks

dumb fugger; we don't own any subsurface mineral rights here. the state stole em at statehood. No oil millionaires here like in texas. They can keep their stipend, just give me back my sub surface mineral rights.

I get a kick out of listening to farmers complain about Trump and his trade war.


Erhmegered! We are dying! End the trade war! Blah blah blah.



As if farming has been a run away for the last 30 years. Between the banks, machinery companies, insurance companies and imput costs......yep...its for sure this trade war that hurts.


Frog Snacks!


We have been basically donating our equity to the economy for the last decade. They already had gotten the housing equity. Now its farmers.




Fuggem....I could give a schit less about the USDA and China.



Canada....and Mexico....now they could fugg this cattle deal up for us.....like they normally do.



Gotta watch those guys.

Trumps the kind of guy to say fugg em, we ain’t paying....🤣

As they say....nothing worth while is painless.

Last I knew, the American taxpayer via SS is owed somewhere north of 4 trillion borrowed for programs.

https://www.forbes.com/sites/mikepatton/2014/10/28/who-owns-the-most-u-s-debt/#51efdaf9819c

Yet another president, Thomas Jefferson said; "if countries paid their debts, there would be 80% less wars"

China has to buy food somewhere. So if they don’t get it from the US, say they buy it from Brazil. So what happens to everyone who was buying from Brazil? Seems like maybe they would buy from the US.

But it sure as heck gives the market a reason to discount US production. Prices up the last month or so - have to motivate those farmers to plant!

I’ve said it before on the ‘fire, the productive capacity, from changes in technology and practices, that has been added in US agriculture over the last 20 years is staggering. I don’t expect much of a turnaround until acres are idled - a new version of Conservation Reserve.

I grew up in the 80s - I remember how everyone worried about Japan surpassing the US at that time. Look at Japan today - decades of deflation, aging, population declining. Unless this goes from a trade war to a real war, China will end up the same only worse. They will be old and poor whereas japan is old and rich.

Of course most of the 1st world is aging and stagnating as well (another discussion - there are good things and bad things about that) and the US needs to get its s$&t together. We should not owe a frenemy/enemy like China what we do.

This will be unpopular!


For the last twenty years the Asians and Latins have been stealing
manufacturing jobs (with American companies help).

Nobody gave a flying F.

People were told they needed to get educated,
STEM, is what you should be,
you blue collar bums don't deserve better.

Then tech jobs and engineering jobs started to go.
HO-LEE-[bleep]!! It became a tragedy, but quickly disappeared.

But farmers $16,000,000,000. To help out a bit.

But, I will bet that if beef and grain prices fall through the floor,
Our friends Jim and Sam won't see any money.

"The tariffs will instead be paid for by companies importing goods into the US and are often passed on to US consumers in the form of price hikes, a reality acknowledged by Trump’s own top White House economic adviser Larry Kudlow."

Let's see if I got this right. Importers pay a 25% fine (aka, tariff) to the Treasury for Chinese goods they import, the Treasury (through the Department of Agriculture) sends it to farmers and, we (consumers) pay a higher price to buy the goods. Thus, the consumer is bankrolling the farmers.

Governments don't trade, individuals do. Government needs to butt out.

Ha ha ha


https://www.foxnews.com/politics/us...nistration-eyes-moving-offices-out-of-dc

It's a tough deal out there right now for quite a few farmers around here.


No money in wheat which was the old standby.



Our farm raked in a whopper of a tariff payment.....


haha

Jefferson couldn't speak English?

Are you still sitting on the apple, or did it finally insert itself?

Trump is just buying rural votes in the Midwest. He can't afford to lose them.

That is all.

Obama did the same, but on a massive scale

Tell us all about it. It's a story for the grandchildren to hear.

Here ya go.

https://www.dailymail.co.uk/news/ar...nny-cracked-trying-mothers-lipstick.html

It stands out like dog's balls, the man will not be ƒucked with. I am not sure why people aren't getting the message.

Ahhhhhh ........
One of the magic mullato,s 1st executive orders was repealing welfare term limits.........
For his voters on welfare as a way of life.







Mike drop............

Does bailing out farmers relay the message?

Uh....name one thing LATELY!

Make up a quote and then head straight to your homoerotic fantasies. Sick.
Or, as Thomas Jefferson once said "Trump is your president."

Bammy phones for welfarites to find jobs.

Not for drug dealing or hooking up with zeppelin fat bytches and making more babies.



I heard 3 people found job,s at McDonald,s on the bama phones.


And this NAPA was right in one thing in this clip she had to say.

Romney sucks.....

She says "u chine up, disruhbilraty, foo stamms, sosa socuriddy, loinkom"

Damn, where my phomes is?

Wtf



Romney still sucks

😄😂😂

Maybe if the Chinese stop buying beef, ribeye will drop below $14 a pound.

EWG's Farm Subsidy Database EWG's Farm Subsidy Database

Mapping The U.S. Farm Subsidy $1M Club

Downsizing the Federal Government Your Guide to Cutting Federal Spending -- Agricultural Subsidies

It is here. $9.99

I have no problem with Trump doing what he's doing to help the farmer. Those of you who get up every morning and head off to your 8 hour a day job, have very little of an idea as to what it's like to be a farmer and to be at the mercy of so many things over which you have no control.

God bless the farmer!!

If it's wrong to subsidize big business it is wrong to subsidize big farming. Most of that subsidizing goes to big farming conglomerates. If we're going to have free trade then lit it be free trade for us as well. It's wrong for China to tax our goods and get off free for their imports. Sure it's going to hurt in the short term but it might dawn on these companies doing business overseas that it might be cheaper to come back home. They will come back home if the federal agencies are reigned in and remove the fees, penalties and overregulation that drove the manufacturing overseas in the first place.

I dont think the American people would like unsubsidized agriculture.

The bitching that surrounds a typical farmers market is hilarious!

Nothing like the bitching that would go around the local coffee shops where the farmers hang out, if they were cut off from the teat.

About four years ago here.

The smart ones have cut themselves off already.....but I am sure you already know ALL about that.

Aliens on the farm.

Buy from a local source. Not the store.

It should be cheaper for you and more profitable for him.

$7.99 here for ribeyes on sale now at one small town privately owned grocery store that does their own butchering.

Bought a half-ribeye today at Krogers, $6.99 a pound. Wife cut into 8 steaks.