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The US government wants to support US farmers affected by the trade dispute with China and the EU with a $ 1 billion grant. Agriculture Minister Sonny Perdue told Washington that the subsidies are expected to total a total of twelve billion dollars (10.3 billion euros). The aid will thus be channeled among others to the soybean producers affected by the increase in Chinese import tariffs.
The Washington Post reports that support should be provided in the form of direct assistance, a program of food purchase and distribution and a trade promotion program .
The Information Service Politico announces that emergency assistance should ensure that American farmers do not struggle with the growing trade conflicts of US with China, the EU and other important trading partners should carry. In addition, the funds should
of two programs under an agrarian law
are currently advised in the US Congress, he said
The report.
United States President Donald Trump is scheduled to speak at the VFW meeting of the Veterans Organization in Kansas City, a center of American agriculture. According to information, the aid should be aimed at farmers who suffer tariffs from US trading partners.
Trump imposed duties on imports from its major trading partners, which in turn responded with US import duties. American farmers are important supporters of Trump and his Republican party. The elections will be held in the United States in the fall and part of the congress will be redefined.
"Customs are the biggest"
Due to the trade dispute, the head of the European Commission Jean-Claude Juncker goes to Trump Wednesday after Washington . 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 affect the German economy much more than the already applicable taxes on steel and aluminum products.
Trump had once again stated that he considered the rates as it should be. "Customs is the biggest thing," the US president tweeted. Other countries have a choice, he wrote. You could
enter into a fair deal with the United States or must cooperate with
live the gifts.
Meanwhile, a large American company is already reporting profit losses as a result of the trade dispute. Motorcycle maker Harley Davidson said net profit for the quarter was $ 242.3 million
decreased – six percent less than at the same time last year. Reason are the EU tariffs, with which the Union
on previously imposed US taxes on steel and steel
Imports of aluminum from Europe had reacted.
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