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President Donald Trump will unveil a bailout plan this week for farmers whose markets have been destroyed by his signature economic policy. (www.thedailybeast.com)

submitted 1 month ago by pelespirit@sh.itjust.works to c/politics@sh.itjust.works

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“I’m going to do some farm stuff this week,” the president told reporters at the White House.

That’s Trump speak for finalizing a massive new aid program for farmers who have lost billions of dollars thanks to the president’s tariffs, which sparked a trade war with China earlier this year.

American farmers are on track to sell $10 billion less in soybeans to China compared to last year, and sorghum exports to China—which last year totaled $1.3 billion—are down 97 percent this year, according to The Times.

At the same time, the tariffs have pushed up costs for American farmers, who are facing higher prices for fertilizer and equipment at the exact moment that they’ve lost their biggest customer.

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[–] prole@lemmy.blahaj.zone 81 points 1 month ago (2 children)

Buying support. And the idiots will remember that "Trump saved them" without ever understanding why they needed saving in the first place.

[–] mikenurre@lemmy.world 29 points 1 month ago (1 children)

They remember how he screwed them over in his first term, but then bailed them out. They voted for him again, knowing they would get bailed out. Maybe now is the time we don't bail them out? Most of that money goes to giant corporate AG anyway.

[–] Viking_Hippie@lemmy.dbzer0.com 2 points 1 month ago

They remember how he screwed them over in his first term, but then bailed them out

Nah, they have selective amnesia about the former and a thousand lies to explain why the latter was necessary.

[–] Viking_Hippie@lemmy.dbzer0.com 8 points 1 month ago

It worked when he did the exact same thing in his first term, so..