A bailout for farmers caught in Trump’s trade war is already being discussed. ‘If we don’t get something, it will be quite a disaster’

• Trump administration officials and legislators discuss help farmers help Because revenge contradicts against our tariffs. China and Canada have already given responsibilities about some of the US agricultural exports. During the first Trump’s first long time, farmers received $ 23 billion after tariffs.

Trump administration officials and lawmakers have started studying the US Farmers’ Help package, as agricultural groups warn of the economic consequences of tariffs.

As an offense, President Donald Trump import taxes can damage the export of agricultural products.

“We create infrastructure

On Sunday she said Vapor The administration must be prepared in the case of “long-term damage” by presenting funds with lawmakers.

Senator John Hoeven (RN.D.) confirmed discussions on the farm’s collateral and said that he spoke with Rollins.

USDA did not respond immediately Fortune Announcement for comment.

On Wednesday, Trump announced at least 10% of all imports and even higher rates on certain trading partners. Some countries have been responsible for their own charges against the special industry.

China on Friday, large export market for farmers, has announced the 34% tariff for US imports before compelling The 15% tariff has been added to the US-grown chicken, wheat, corn and cotton and 10% charge on Soru, soy, pork, beef, seafood, fruits, vegetables and dairy products.

In addition, Canada charged 25% responsibilities on products $ 30 billion including peanut butter, orange juice and coffee. The country also threatened to expand its tariffs $ 155 billion The cost of imported goods, including poultry farming, produce and dairy products, if the United States retains its commercial policy. The European Union has threatened to take revenge on the efforts of soy, beef and poultry farmers to target red states.

Commercial groups have warned that the current tariffs on the US agricultural exports may damage the prices of corn, soy, cotton and other harvest. The price of soy is more than 3% on Friday and goes down almost 17% a year ago. About 60% of Soybeans, food and soy soy oil are exported.

“We hope that there will be an assistant,” Good Evans, Texas, a bilse and cotton farmers who sit on the board of directors of the Cereal Cereal Group Wall Street JournalA number “If we don’t get something, it will be a pretty disaster.”

According to the American Farm Bureau Federation, the farming industry relies more than 20% of its annual income.

In 2024, the United States exported $ 176 billion 47% of agricultural products go to three countries: Mexico (17.2%), Canada (16.1%) and China (14%). According to AmericanIt is the best export of the United States, soy, cattle, cattle, animal husbandry products, tree nuts, fruits, grains and feed.

According to Trump’s first term tariffs caused revenge, which caused more than $ 27 billion in agricultural exports AmericanA number of government gave farmers $ 23 billion in economic assistance to compensate for damage.

Responding tariffs increase obstacles for the already fighting industry. Last year Congress confirmed a 10 Billion Dollar Relief Package To help farmers reduce the impact of investment costs and lower prices for goods and recently began help. The new package can be greater because the industry faces large-scale challenges, the Assistant of the Congress told WSJ.

“We share the goal of the administration to equalize the field with our international partners, but the tariffs have increased to the farms lost for most of the year,” said the President of the Farm Bureau.

In addition to the impact of operating operations on agricultural exports, US tariffs can also increase prices, which farmers pay for equipment, herbicides and fertilizers.

Meanwhile, farmers also suffer from USAID dismantling of government efficiency. The US government bought roughly 2020 $ 2.1 billion in the food assistance of American farmers.

This story was originally shown Fortune.com