Diddy & IMA, what's your take on this?
Farmers to Receive Up to $12 Billion to Ease Pain From Trump’s Trade War
WASHINGTON — The Trump administration on Tuesday will announce up to $12 billion in emergency relief for farmers hurt by the president’s trade war, according to two people familiar with the plans, in an effort to insulate food producers from looming financial losses that would be a direct result of Mr. Trump’s policies.
The aid to farmers, to be announced by the United States Department of Agriculture, would come through a direct assistance program, one designed to help with food purchase and distribution, and one specifically geared toward promoting trade, according to one of the people. Both spoke on condition of anonymity because they did not have authorization to pre-empt a planned announcement later Tuesday.
Mr. Trump and his advisers have argued that while American producers may feel short-term pain from his protectionist stance, ultimately they will benefit from it as other countries lower their barriers to American products. In the meantime, the administration has sought ways for the Agriculture Department to help farmers survive the pain of retaliation. As part of the program to be announced on Tuesday, the department is expected to draw on the financial resources of a program known as the Commodity Credit Corporation, which helps shore up American farmers by buying their crops.