The White House has searched for months for a way to provide emergency assistance to farmers without backing down on Trump’s trade agenda, and the new program will extend roughly $12 billion through three different mechanisms run by the Department of Agriculture.The funds will come through direct assistance, a food purchase and distribution program, and a trade promotion program.It will rely in part on a Depression-era program called the Commodity Credit Corporation, which is a division of the Agriculture Department that was created in 1933 to offer a financial backstop for farmers.. . .Because the program was created during the Depression, it does not rely on new congressional approval. It allows the CCC to borrow up to $30 billion from the Treasury Department for assistance.
Countries that have treated us unfairly on trade for years are all coming to Washington to negotiate. This should have taken place many years ago but,— Donald J. Trump (@realDonaldTrump) July 24, 2018
as the saying goes, better late than never!
Tariffs are the greatest! Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs. It’s as simple as that - and everybody’s talking! Remember, we are the “piggy bank” that’s being robbed. All will be Great!— Donald J. Trump (@realDonaldTrump) July 24, 2018