US Offers Farmers Up to $9.4 Billion to Ease Brunt of Retaliatory Tariffs

US Offers Farmers Up to $9.4 Billion to Ease Brunt of Retaliatory Tariffs
Rodrigo Werle, a weed scientist at the University of Wisconsin inspects soybean fields as part of the university's research into whether the weed killer Dicamba drifted away from where it was sprayed in Arlington, Wisconsin, Aug. 2, 2018. REUTERS/Tom Polansek
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The United States will pay farmers as much as $9.4 billion to offset the estimated losses from retaliatory tariffs by foreign nations, Secretary of Agriculture Sonny Perdue announced on Aug. 27.

President Donald Trump had ordered Perdue to study a short-term strategy to protect U.S. farmers while the White House negotiated better trade deals. In response, the Department of Agriculture (USDA) announced a $12 billion package in July that will pay cash subsidies to the farmers of crops and livestock directly impacted by tariffs, purchase surplus food for distribution to food-assistance programs, and help farmers market their goods to new customers.

Ivan Pentchoukov
Ivan Pentchoukov
Author
Ivan is the national editor of The Epoch Times. He has reported for The Epoch Times on a variety of topics since 2011.
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