USDA has paid out $7.7 billion to help farmers hit by tariffs

[struggle4progress]

Feb. 22, 2019, 10:40 AM EST
By Lucy Bayly

The Department of Agriculture has paid out $7.7 billion so far to help farmers impacted by the ongoing tariff war with China, according to William Northey, Undersecretary for Farm Production and Conservation.

The funds represent a portion of the $12 billion relief package that President Donald Trump pledged in July to offset the losses from retaliatory tariffs imposed by Beijing in response to Washington's tariffs on Chinese goods.

Northey's comments come as Trump prepares to meet Friday with Chinese Vice Premier Liu He to continue the next stage of trade talks ahead of a March 1 deadline.

If the two countries fail to strike a deal, the current tariff rate of 10 percent will be raised to 25 percent, resulting in billions of dollars of additional tariffs ...

https://www.nbcnews.com/business/economy/usda-has-paid-out-7-7-billion-help-farmers-hit-n974516

[dlk]

1. Socialism? From the Trump Administration?

Imagine that!

[smirkymonkey]

2. SOCIALISM!!!

[spanone]

3. American taxpayers are paying for his tariffs just like he wants us to pay for his wall.

[ForgedCrank]

12. all taxes.. every single one including tariffs are paid by the consumer in the end.

How he figured the tariffs would somehow help Americans is beyond me

[watoos]

4. Privatize the profits, Socialize the costs.

[Brawndo]

5. Because farmers shouldn't have to face the consequences of their own stupidity

and our tax dollars should pay to insulate them from learning a lesson, apparently.

[guillaumeb]

6. Is that called "welfare", or does that only apply when poor people are helped?

[ForgedCrank]

13. when they say "welfare", I think they really mean minorities or anyone else they

think they are superior to.

[guillaumeb]

17. Welcome to DU, and agreed.

"Others" collect welfare. GOP voters get what they deserve.

[Volaris]

7. And if Trump weren't as stupid as his cult members, he would have realized ON THE FRONT END,

that he could have not fucked over a lot of his own voters, and in so doing paid for his damn wall that way.

I fully expect him to start crowing about this evil democrat soshulizm called farmer welfare that the libtards insist on .. because if we just had a wall those farmers would be just fine because reasons.

[JDC]

8. It's been said here already, but SOCIALISM!

[BSdetect]

9. We are all expected to insure our homes, cars, valuables etc

And there are special policies available for farms, crops etc

Can we get some handouts as well?

[TheFarseer]

11. Sure there is crop insurance for hail, wind, drought etc

But there isn't "some dumbass ruined the grain market with tariffs insurance." Then again, anything could have ruined prices - a bumper crop in Brazil, an economic crash in China. It sucks that it was totally avoidable but it's part of the unpredictable nature of farming.

[BSdetect]

14. There are probably "derivative" insurance policies for crop value protection?

[keithbvadu2]

10. Trump's new taxes are called 'tariffs'. It is the American consumer paying Trump's new taxes.

[Achilleaze]

15. republicans are using our hard-earned tax money to bribe farmers

In the midst of the stupid, evil republican Trade Wars which are devastating farm country. Sick.

It is such a vile lie when republicans call themselves "conservatives." This is a total ripoff of taxpayers so KGOP republicans can bribe hurting farmers to keep on voting against their own interests by supported the compromised & criminal KGOP republican, Inc. juggernaut to HELL.

[Cha]

20. Totally a BRIBE! They should

wise up and vote for someone who's Not going to impose tariff's to please putin.. or why ever the Hell he's doing it.

[Achilleaze]

21. Yet they cling to Dirty Donny* & the KGOP republican ripoff artists

who have screwed them over, and are now bribing them. Sad.


* aka republican Draft-Dodger-in-Chief

[Buckeyeblue]

16. Welfare for farmers? Do they get drug tested before they can get a check?

[roamer65]

18. 22 pct less of my tax dollars.

I got a 22 pct tax cut and I’m gonna use my 401k to lessen the tax load even more.

Fuck these Trump loving farmers.

[Warren_Pointe]

19. Have them build your damn wall!