The Trump administration announces a $16 billion farm aid program, with direct payments to farmers to offset losses caused by the trade conflict with China
WASHINGTON—The Trump administration rolled out a $16 billion aid package for the U.S. farm sector, which primarily will take the form of direct payments to farmers to offset losses resulting from the trade conflict with China.
The administration moved to shore up American agriculture Thursday after a breakdown in talks earlier this month between Washington and Beijing. Amid expectations that American farmers will be hindered selling crops to China’s 1.4 billion-person market, commodity prices sank to their lowest level in...
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