Trade impasse: Trump pledges $16B to farmers; markets slump

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President Trump rolls out another $16B in aid for farmers hurt by his trade policies, and financial markets fall on prospect of prolonged U.S.-China trade war.

Agriculture Secretary Sonny Perdue laughs with a reporter on the North Lawn of the White House in Washington, Thursday, May 23, 2019.

Seeking to reduce America’s trade deficit with the rest of the world and with China in particular, Trump has imposed import taxes on foreign steel, aluminum, solar panels and dishwashers and on thousands of Chinese products. Financial markets slumped Thursday on heightened tensions between the U.S. and China. The Dow Jones industrial average fell 286 points, or 1%, to 25,490. It had been down 448 points earlier in the day.

Briefing reporters on the farm aid package, Perdue said he doubted that “a trade deal could be consummated before” the first payments to farmers in July or August. The payments will go to farmers producing roughly two dozen crops, including soybeans, corn, canola, peanuts, cotton and wheat. Dairy and hog farmers are also eligible.

 

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How much tech and data has the Chinese government stolen from US consumers and government? Tariffs and sanctions should have been in place long ago. Profit over people here in the US.

$16 billion in evidence of how ‘trade wars are easy’...🤦🏻‍♀️

This 'trade war' that we are told we are winning is now costing American taxpayers at least $35 billion in farm subsidies alone and we are less than 2 years in. Has anyone bothered to calculate if and when we as a nation will see the results of our 'winning' this 'trade war?'

Where are all the 'who's gonna pay for it' peeps at?

More money coming out of our pocket winning

Trying to buy votes.

We should feel really bad not only for the farmers, but the entire working class who are trying to retire. They worked entire lives to retire with dignity and now watch their retirement shrink because of the man they voted for. No time for a bounce back. They need thier cash now

Nehru dreamed China as ASEAN leader but in return China stabbed him with connivance of west now no country behind it a povertyridden country pakistan was handed over by u s a to China now Ulti ginati started

morgfair So we working taxpayers cover welfare to: Billionaires Big Oil Big Coal And now farmers In return we got GOPTaxScam tax hikes and are paying hundreds of billions in new taxes (tariffs are taxes on us) on top of it all So much winning...

morgfair What You Likie China Fuckee in your assy?

Where is his aid for consumers hurt by his trade policies?

Got to play hardball. Pacifist policies got us here. Stay strong....for once.

.realDonaldTrump is forcing US farmers into a socialist HELL 🔥👹🔥

More “winning?”

That’s charity money, it’s not enough to meet demands.

Less than 21% of ELIGIBLE voters chose the man who is operating the USA like a failing business. He has skewered the historical global trading norms to the detriment of American farmers. Now he is trying to maintain their support by adopting socialism, something he rails about.

Let the farmers sell to China, instead of government borrowing from China to bail out the farmers.

More Republican handouts and welfare, I thought they hated socialism?

realDonaldTrump you have bankrupt most of your businesses and now you’re doing it to our country with your useless trade wars and the every growing LARGEST deficit in our countries history vote newpresident2020

China has been treating the US unfairly on tariffs, and stealing our intellectual property for years, but of course, let’s blame it on the President “his trade policies”. Your pathetic, AP.

What a mess

Nothing like a little 'farmer socialism' in order to shore up their support. Forget the fact that he is absolutely killing him they still keep drinking the Kool Aid. I used to have compassion for them but the can deserve their demise by continuing their support for him.

CyrusToulabi Where is tRump getting this money from -- the additional $16 billion... is he going through Congress, the House - Is he pulling it out from another program, is he pulling it out of his *$$? tedlieu collinpeterson RepSwalwell

windmillcharger I hope farmers reject trump's corrupt use of our tax dollars to buy their votes, but I'm not holding my breath.

Pres. Trump is delivering on his promises. China is a bully, their only intention is to spread their oppressive communist ideology worldwide. The USA and its allies must stop it. MAGA AmericaFirst CommunismKills

Wait. I thought realDonaldTrump said China was going to pay for these tariffs? Sounds a little like when he said Mexico was going to pay for the wall... Yet the Republicans think this man is god.

Or they are using it to turn a profit! Like then done in past hundreds of times

Your spreading propaganda. China has ripped our country off for decades and needs to be fair. If realDonaldTrump could cure cancer, the naysayers would claim he’s not fair to diseases. So much hate and disdain coming from the leftists.

China made it's choice. Close them down. They abuse must stop

When other countries subsidize their industries, we levy duties on them, on the basis of unfair trade practices... goose meet gander....

SOCIALISM

Farmers becoming the moochers & takers

Hey! farmers shouldn’t get a handout of my tax dollars they need to stop acting like professionals victims pull your pants up and do something else. You voted for Trump, why do we have to bail you out ? Black people can’t get reparations but you can get handouts?

I’ll vote for a rock before I vote for that loser currently residing in the White House

The best deal maker.

Who wins a trade war, no one!

GOP realDonaldTrump What about Socialism?

Just as he did in private life, he is throwing money at the problem and running up a large amount of debt. Trump supporters need to stop putting lipstick on this pig. TrumpDebtIsGrowing NextGenerationProblem TrumpTantrum TrumpMustResign

Here he goes again....any CON job! American taxpayers will end up with this $16 billion bill. He claims China will pay for it....yeah, right....just like how Mexico will pay for HIS wall.

Trump trade was = trump tax on the American people realDonaldTrump

If the farmers would just stop being lazy and get a job we wouldn’t have pay for them.

buuuuhhhhhhhhhhhhh That's the equivalent to 16 miles of wall.

I thought the gop hated entitlement programs

Replublicans/Conservatives sure love Socialsism when it suits their interests. Hypocrites

No more FarmerWelfare. Trump said China was going to pay for this trade war. He also said Mexico was going to pay for his wall. See a pattern here? Yet won't call Trump a liar, so the LiarTrump continues to lie and his deplorable supporters continue following the ConMan

Isn’t that socialism?

What about the consumers paying higher prices at the grocery store?

economicwelfare

By his trade policies.

Repug socialism

AP siding with the Communists, so rich.

Sooooo.... Socialism then? realDonaldTrump

So what’s the total amount of welfare he’s given to farmers? I work hard everyday and receive nothing even from the so-called tax cut. Let me get this right Trump created the problem and he’s adding to the deficit by bailing farmers out.

Is that in addition to the $20 billion in subsidies they already receive?

If this is 'winning' it sure is making losing look profitable.

When you lost your biggest customers, things can fall apart. And US allies are siding with US.

WHERE IS THE MONEY COMING FROM?

Tariffs will eventually repair ALL. ThankYouTrump

Yep, the 'easy' trade war is going great!

At least he's not bailing out super banks, but prices are rising

Farmers just want to sell their goods not have another handout. Treating them like imbeciles is going to backfire

So now I not only have to pay more for stuff, my taxes, instead of going to infrastructure and education are going to farmers that trump is hurting with the same policy that’s making me pay more for stuff. How tf does anyone think this guy knows what he’s doing?

Free college tuition in Tennessee and now this? Whaaaat?

This is stupid.

...money borrowed from China.

Who’s paying for this?!?

The money is from the tariffs collected

Socialism at it's finest. My God, Trump is a believer!

WASTEFUL SPENDER. IM MEAN WHAT DO YOU EXPECT THE MAN IS NOTORIOUS FOR SHIT SPENDING FLUSHING LOSSES DOWN THE TOILET.

Ironic isn’t it? Moronic isn’t it?

Throwing money to what Trump hopes will be people who get him re-elected. Meanwhile, Flint MI and Puerto Rico still need help...but those minorities aren’t his core supporters, so he doesn’t care.

Hey...isn't that *socialism*?

that's an astute move Trump will win this hands down, coz China has a Huge surplus of trade over US😈

Yet his base complains about poor people getting government “handouts” 😒

Correction it is welfare money going to farmers for their votes

BillionDollarLoser making farmers broke.

That’s $28 BILLION DOLLARS....paid by taxpayers because of Trumps trade war. Don’t think we can afford more of his winning!

Let the free market work it out, amirite?!?

He just went on and on about how well farmers are doing. So why are we giving them 16 billion dollars?

His trade policies? China is trying to push us over a barrel and he’s taking the leverage out of their hands. There are a lot of stupid people at the Associated Press who don’t understand this.

ENTITLEMENT

They're not gonna make our Patriot Farmers stand in line with poor people to get their welfare checks, are they?

Soo trade wars are good and easy to win then

Well, I guess the GOP can't run against socialism anymore.

Not that I want to hate on farmers, but where did this money come from?

Wait, I thought the GOP hated welfare?

Ha ha even the AP words things to shine Trump in a bad light. TDS patients!

is this...

socialism but only for farmers

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