Farmers are slamming Trump’s $28 billion farm bailout — more than double Obama’s 2009 payment to automakers — as a ‘Band-Aid’

Farmers are slamming Donald Trump over his trade war with China, saying his administration’s bailouts to the agricultural industry are like a ‘Band-Aid’ when it comes to helping those affected by the tariffs.

As president, Trump has repeatedly slapped tariffs on Chinese goods entering the United States, sparking tit-for-tat tariff hikes from China on products including agricultural goods.

As a result, exports of goods such as soybeans and pork to China have dropped off dramatically, with the Financial Times reporting that in the first five months of 2019, the US exported 4.3 million tonnes of soybeans to China, down from 15.2 million in the same period last year.

View the complete September 23 article by Yusuf Khan on the Insider website here.