U.S. Agriculture Secretary Sonny Perdue said on Friday that President Donald Tru...
CHICAGO/WASHINGTON - U.S. Agriculture Secretary Sonny Perdue said on Friday that President Donald Trump had asked him to create a plan to help American farmers cope with the heavy impact of the U.S.-China trade war on agriculture.
Negotiators from Washington and Beijing met on Friday for the latest round of trade talks but Trump said on Friday morning there was “no rush” to reach a deal. The American Farm Bureau Federation said it was too soon to throw its support behind another potential program to assist farmers. However, any funds from U.S. tariffs go into the U.S. Treasury’s general fund, and Congress - not the White House - directs U.S. spending.
The White House previously used Commodity Credit Corporation funds to offset farm income losses in trade disputes. The CCC is a branch of the USDA that has broad authority to make loans and direct payments to U.S. growers when prices for corn, soybeans, wheat and other agricultural goods are low.Perdue said last month when the United States and China looked to be making progress toward a trade deal the Trump administration did not have plans to provide farmers with more aid.
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