The president will meet with farmers' representatives at the White House today and announce: a $12 billion subsidy to help farmers "get through temporary difficulties."
According to reports from multiple media outlets, U.S. President Trump announced on December 8th local time at the White House that he would launch a $12 billion aid program for American farmers. This plan aims to help agricultural groups that have suffered losses due to low agricultural product prices and tariff policies.
Multiple reports clearly state that the farmers' difficulties are directly related to the U.S. tariff policy. Imposing tariffs has disrupted the global trade order, leading to blocked export markets for American agricultural products, low prices, and increased costs for fertilizers and agricultural machinery, making it difficult for farmers to operate. This aid is essentially a response to the impact of domestic tariff policies on American agriculture.
According to statistics, American farmers had record harvests this year, but due to tariffs, costs were high, sales were low, and profits were minimal, resulting in a 60% increase in bankruptcies compared to the same period last year.
It is worth noting that U.S. Treasury Secretary Bensons held assets in soybean and corn fields worth millions of dollars before taking office. He stated on December 7th, the day before the policy announcement, that in accordance with professional ethics agreements, he had divested these farmland assets that could potentially conflict with his duties.
Original article: toutiao.com/article/1850977809626124/
Statement: This article represents the personal views of the author.