The U.S.-China trade war escalated again for the second time Friday after President Donald Trump declared the U.S. would increase rates for existing tariffs on $250 billion of Chinese goods as well as boost tariffs on $300 billion worth of imports that haven’t yet been levied.
Officials estimate Hurricane Michael caused billions of dollars in damage to crops, livestock and aquaculture after slamming into the Florida Panhandle Wednesday with 155 mile-per-hour winds and then plowing a path of destruction through Alabama and Georgia.
Trump administration officials have been promising for months that Sonny Perdue’s Agriculture Department will protect farmers and ranchers from billions of dollars of tariffs from China, Mexico, Canada and the EU. But how much can USDA help?
Until recently, the top negotiators for the U.S., Mexico and Canada were working “intensely” to finish up a deal for a new North American Free Trade Agreement, but activity has dwindled to a near standstill and pessimism has replaced those high hopes for a speedy conclusion.
House Republicans are relying on elimination of the Conservation Stewardship Program and tightened eligibility rules and work requirements for the Supplemental Nutrition Assistance Program to fund other priorities in the new farm bill, according to the Congressional Budget Office.