The administration of President Donald Trump will provide up to $12 billion in aid to farmers impacted by retaliatory tariffs imposed by America’s trading partners, according to Sonny Perdue, the secretary of the Department of Agriculture.
The size of the aid package is in line with the estimated $11 billion cost of the tariffs to American farmers. In a briefing call on July 24, Perdue and top department officials explained that the financial boost is designed to provide temporary relief to farmers as the United States negotiates long-term trade deals.
