The relief for farmers caught up in Trump’s trade war is already under discussion. “If we don’t get anything, it’s going to be quite a disaster.”



  • Trump administration officials and lawmakers are considering help for farmers Just as retaliation is looming against US tariffs. China and Canada are already in charge of several US agricultural exports. During Trump’s first term, farmers won $23 billion after previous tariffs.

As agricultural trade groups warn of the economic impacts from tariffs, Trump administration officials and lawmakers began exploring a relief package for American farmers.

That’s because President Donald Trump’s retaliation for a drastic import tax could harm the export of US agricultural products.

“We have an infrastructure in place where, in fact, there are programs in place to resolve any economic outcomes for farmers and possibly ranchers in the short term,” Agriculture Secretary Brook Rollins told reporters last week.

On Sunday, she said CNN The administration must prepare in the event of “long-term damage” by lining up funds with lawmakers.

Sen. John Haven (RN.D.) said he confirmed the discussion about farm relief and spoke with Rollins.

USDA did not respond immediately Fortune Request a comment.

On Wednesday, Trump announced a minimum 10% collection on all imports, and even higher fees for certain trading partners. Some countries are retaliating with their own taxation on certain industries.

On Friday, China is the main farmer export market, and announced a 34% tariff on US imports later Impressive A 15% tariff was added on US chicken, wheat, corn and cotton, and a 10% tax was added on sorghum, soybeans, pork, beef, seafood, fruits, vegetables and dairy products.

Furthermore, Canada imposes a 25% obligation on the value of its products. 30 billion dollars Peanut butter, orange juice, coffee, etc. The country also threatened to expand tariffs $155 billion If the US maintains its trade policy, it is worth imports, including poultry, agricultural products and dairy products. The European Union is threatening to retaliate against soybeans, beef and poultry farmers in the bloc’s efforts to target the red state.

Trade groups warn that retaliatory tariffs on US agricultural exports could harm the prices of corn, soybeans, cotton and other crops. Soybean prices sank more than 3% on Friday, falling almost 17% from a year ago. Approximately 60% of soybeans, meals and soybean oil produced in the United States are exported.

“I hope there’s relief,” said Barry Evans, a Texas sorghum and cotton farmer who sits on the board of Sorghum grain trade groups. Wall Street Journal. “If we don’t get anything, it’s going to be quite a disaster.”

According to the American Farm Bureau Federation, the agricultural industry relies on exports of more than 20% of annual revenue.

In 2024, the US exported $176 billion Of agricultural products, 47% are sent to three countries: Mexico (17.2%), Canada (16.1%), and China (14%). According to USDAsoybeans, livestock products, nuts, fruits, vegetables, grains and feed are one of the top exports in the United States.

Trump’s first term of office tariffs caused retaliation and caused more than $27 billion in agricultural exports, he said. USDA. The government has given farmers $23 billion in economic aid to offset the losses.

Retaliatory tariffs are putting obstacles to already struggling industries. Last year, Congress approved it 10 billion dollar relief package For farmers, they have recently started helping to reduce the impact of increased input costs and lower product prices. A council aide told the WSJ.

“We share the administration’s goal of leveling out the arena with our international partners, but the rise in tariffs for farmers who have lost money on most crops for the past three years is a threat to the economic sustainability of farmers,” Farm Bureau President Zippy Duval told WSJ.

In addition to the effects of retaliatory tariffs on agricultural exports, US tariffs on imports could also increase the prices farmers pay for equipment, pesticides and fertilizers.

Meanwhile, farmers are also struggling with the government’s efficiency in dismantling USAID. In 2020, the US government roughly bought it $2.1 billion Food assistance from American farmers.

This story was originally introduced Fortune.com


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