The U.S. Department of Agriculture (USDA) will take several actions to assist farmers negatively impacted by recent trade actions.
President Trump directed Secretary Perdue to craft a short-term relief strategy to protect agricultural producers while the Administration works on free, fair, and reciprocal trade deals to open more markets in the long run to help American farmers compete globally. Specifically, USDA will authorize up to $12 billion in programs, which is in line with the estimated $11 billion impact of the unjustified retaliatory tariffs on U.S. agricultural goods. These programs will assist agricultural producers to meet the costs of disrupted markets.
Secretary Perdue held a press conference Tuesday with USDA Chief Economist Robert Johansson to announce the aid.USDA announces trade disruption relief for farmers