US President Trump announced at the White House on the afternoon of the 8th that the federal government will provide US farmers with a scale of 12 billion US dollars in aid to deal with the “backlash” of the US tariff policy on US agriculture. The Trump administration introduced a policy of imposing extensive tariffs earlier this year, disrupting the global trade order. As a result, the US export market was blocked. Prices of agricultural products such as soybeans and corn in the US are low, and the cost of chemical fertilizers and agricultural machinery is rising, making it difficult for American farms to operate profitably, and many farmers are in trouble.

US President Trump announced at the White House on the afternoon of the 8th that the federal government will provide US farmers with a scale of 12 billion US dollars in aid to deal with the “backlash” of the US tariff policy on US agriculture. The Trump administration introduced a policy of imposing extensive tariffs earlier this year, disrupting the global trade order. As a result, the US export market was blocked. Prices of agricultural products such as soybeans and corn in the US are low, and the cost of chemical fertilizers and agricultural machinery is rising, making it difficult for American farms to operate profitably, and many farmers are in trouble.