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by rockinghigh
132 days ago
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Tariffs were a huge point of debate in his first administration. The government had to pay $30 billion to farmers to offset the impact of tariffs. > China implemented retaliatory tariffs equivalent to the $34 billion tariff imposed on it by the U.S. In July 2018, the Trump administration announced it would use a Great Depression-era program, the Commodity Credit Corporation (CCC), to pay farmers up to $12 billion, increasing the transfers to farmers to $ 28 billion in May 2019. The USDA estimated that aid payments constituted more than one-third of total farm income in 2019 and 2020. |
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