trade war
He again falsely claimed that the bill would be covered by tariffs "coming into the country," when tariffs are actually paid by U.S. importers and consumers.
Farmers hit hard despite billions of dollars in taxpayer aid to mitigate the harm from the president's trade policies.
Manufacturing activity just sank to a 10-year low, battered by Trump's trade war with China.
The "small positive effect" of U.S. tariffs was more than offset by rising import costs and retaliatory tariffs, their paper concludes.
WHAT'S HAPPENING
Economist Paul Krugman is declaring President Donald Trump a loser when it comes to his pricey trade war with China.
The president approved the legislation despite threats of retaliation from Beijing.
A new Democratic Senate report says President Trump’s bailout for farmers suffering due to the Chinese trade war disproportionately benefits southern states and big agribusinesses, even though smaller farms in the Midwest and Northern Plains are hurting the most.
Meanwhile, government insurance and subsidies will provide nearly 40% of farm income this year.
Trump claims an unfinished deal with China will mean $50 billion a year for U.S. farmers — but his own administration admits that figure is for two years of sales.
Some American farmers are not ready to vote for President Donald Trump in 2020 even after he said he was settling his trade war with China,