Trump says farmers are 'patriots' in battle over Chinese tariffs
- Author: Stacy Houston Apr 13, 2018,
Apr 13, 2018, 1:31
President Donald Trump acknowledged Monday that farmers could be adversely affected by the escalating tariff dispute with China, but promised to make it up to them, saying they "will be better off than they ever were".
But he also played down the danger of China's threatened retaliatiatory tariffs on USA agricultural products. Eight of the 10 biggest soybean-producing states went for Trump in the 2016 election and three of those will feature close Senate races in November.
"We've been in touch with North Korea", Mr. Trump said at the beginning of a cabinet meeting at the White House.
"If during the course of a negotiation they want to hit the farmers because they think that hits me, I wouldn't say that's nice, but I tell you, our farmers are great patriots", Trump said.
He branded the raid as "an attack on our country in a true sense.an attack on what we all stand for" and also called it a it a "political witch hunt". "On top of that the escalation of tension between U.S. and Russian Federation added to the demand for the greenback (against the rupee)", said a senior foreign exchange dealer with a private sector bank.
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Agriculture has formed part of the bedrock of the president's support, but economic pressures are growing. China last week said it would tax imports on USA pork, soybeans, apples, airplanes and other products totaling $50 billion. The Trans-Pacific Partnership would open more overseas markets for American farmers.
"Farmers and ranchers can be on the tip of the spear when it comes to a retaliation", said Steve Censky, deputy secretary of the USDA, in remarks before an organization of agricultural journalists on Monday. "We'll take a little while to get there".
One possible option could be using the department's authority under the Commodity Credit Corporation, a federal entity that funds farm subsidies, to buy surplus USA crops.
"If I were a member of Congress, I would vote against an authorization to use force here", Mr. Bolton said at the time.
Censky said surplus buys are possible.
We need to combat this trend by not focusing on the latest tweet but by examining the hard policy proposals and think of the implications Trump's public statements will have on America in the years to come.