Farmers fear $12 billion aid package a sign of extended trade war

EVANSVILLE, Ind., July 27 (UPI) — The Trump administration’s $12 billion farm aid package is a sign to many in the agricultural sector that the administration does not foresee an end to the escalating trade war with China this year.

“You don’t create an aid package like this if you don’t think the damage is already done and not easily reversed,” said Chad Hart, an economist with Iowa State University. “This is definitely an indication that the administration sees the tariffs playing out through 2018.”


Source: United Press International (UPI)