[ad_1]
Due to the trade dispute with, among others, China and the EU, the US government announced an emergency aid to US farmers raising $ 12 billion (10, 3 billion euros).
The measures pbad through the Ministry of Agriculture direct aid, a program of purchase and distribution of food and a program of trade promotion. According to US Secretary of Agriculture, Sonny Perdue, the emergency help should ensure that US farmers do not have to bear the brunt of the growing trade disputes with China, the EU and other major trading partners
. US President Donald Trump has imposed tariffs on imports from its major trading partners, which in turn responded to US import duties. Farmers are among the main supporters of Trump and his Republican party in the United States. Speaking in Kansas today, Trump said peasants would be "the biggest profiteers" of his trade policy.
EU commission chief Jean-Claude Juncker meets Trump in Washington Wednesday over the trade dispute. Especially, the goal of the EU is to avoid escalating trade conflict and prevent Trump from introducing special tariffs on car imports. Above all, they would significantly affect the German economy more than the levies already applicable on steel and aluminum products.
Source link