U.S. To Distribute Aid To Farmers Until Tariffs Become Beneficial

It is a pure wait and see game with President Trump's tariffs. The idea is simple. Bring in new revenue to the United States to help refinance out tremendous debt, while also giving ourselves a fair shake in trade deals. So far, the tariffs have been working well, with the U.S. generating billions of dollars in revenue from them. But the full force of them have yet to kick in, especially with a Chinese trade deal still stalled.

The farmers have been hit hardest from the fallout of the Biden Administration's economic policies. The U.S. farm economy is slumping with low prices, and the aforementioned trade disputes. So, to keep family farmers on the job and viable, President Trump says the U.S. will be giving them aid. That is until the tariffs kick in and benefit the farming industry.

Texas Agriculture Commissioner Sid Miller says this is similar to what happened in Trump's first term, when China was wishy washy on a deal.

"He will take money collected in those tariffs...and instead of putting it in the treasury, he will turn around and supplement the income of these farmers suffering from low prices," he says.

It has been a rough go of things for farmers. From the Biden policies, to droughts, to government red tape making their jobs harder. They are the backbone of American industry, and they are being hurt in dire ways.

So, this idea at least helps bridge the gap until China comes to the table. Yes, China is stubborn and getting them to the table will take time. But they did it once before and will likely do so again.

"They did last time, and actually, we made more money than we ever did...once Trump cut a deal with China, it was game on, it was good times," says Miller. "It was supposed to carry further than the four years, but because Biden was in office and did not enforce it...we had to start over again."

It is just another thing that Biden did to hurt the American farming industry. Simply put, he turned his backs on them and let China do whatever they wanted to do.

Now, the chickens are home to roost. But President Trump is trying to fix it. Even if it takes a little bit of aid to bridge the gap.

However, this also means relying on Washington to do something. Which, to put it lightly, can take some time.

"We are at the mercy of the speed of government...and we know what that it...it is not very fast," Miller says. "It will take a while, but at least we are getting the plan in motion.

Miller says, in his estimation, aid should begin going it in about 60 to 90 days.

Soybean Fields in the Mato Grosso State Brazil

Photo: Matt Mawson / Moment / Getty Images


Sponsored Content

Sponsored Content