President Donald Trump will unveil a bailout plan this week for farmers whose markets have been destroyed by his signature economic policy.
“I’m going to do some farm stuff this week,” the president told reporters at the White House.
That’s Trump speak for finalizing a massive new aid program for farmers who have lost billions of dollars thanks to the president’s tariffs, which sparked a trade war with China earlier this year.
According to The New York Times, China is typically the world’s biggest buyer of American farm products, but this year it began looking elsewhere after Trump imposed tariffs of more than 100 percent on Chinese imports.
The duties are a type of import tax paid by American companies, with the additional costs typically passed on to consumers. The tariffs tempor