Trump: “Tariffs are the greatest.” Also farmers need $12 billion in aid because of tariffs.
“President Donald Trump declared tariffs ‘the greatest’ over Twitter Tuesday morning, even as his administration prepares to shore up the agricultural industry, which is weathering financial turmoil induced by his trade policies. The administration reportedly plans to give farmers $12 billion in emergency aid to cope with the fallout from the tariff regime, Politico first reported Tuesday. Farmers have been among those hit hardest under Trump’s protectionist trade agenda, as foreign countries levy tens of billions of dollars in retaliatory tariffs largely on the American agricultural industry. China, Mexico, and Canada have responded to the Trump administration’s taxes on imported steel, aluminum, and electronics with taxes on American soybeans, dairy, pork, apples, and potatoes, as well as other US products.”