US government to pay farmers hurt by China trade war $16bn
by Reuters from Economics | The Guardian on (#4KYQ3)
As trade talks are set to resume after a two-month halt, an aid package will see producers paid up to $150 per acre
The US government will pay American farmers hurt by the trade war with China between $15 and $150 per acre in an aid package totaling $16bn with farmers in the South poised to see higher rates than in the midwest.
As US and Chinese negotiators prepare to meet face-to-face for the first time since talks on the dispute collapsed in May, the agriculture secretary, Sonny Perdue, said the package showed that Donald Trump knew farmers were "fighting the fight".
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