Sunday, President Trump welcomed a “cash” payout to American farmers before the Thanksgiving Day holiday that he attributed to China tariffs.
“Our great Farmers will receive another major round of ‘cash,’ compliments of China Tariffs, prior to Thanksgiving,” he wrote on Twitter.
“The smaller farms and farmers will be big beneficiaries. In the meantime, and as you may have noticed, China is starting to buy big again. Japan deal DONE. Enjoy!”
The US Department of Agriculture said on Friday it will begin making a 2nd round of Y 2019 trade aid payments to US farmers next week.
The payments are the 2nd part of a 3-tranche $16-B aid package announced in May to compensate farmers for the US-China trade dispute. China imposed tariffs on Keu US agriculture exports including soybeans and pork last year after The Trump Administration levied duties on Chinese goods.
The United States and China are trying to negotiate a phase one trade pact to end the tensions, but it is unclear when it might be finalized.
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