But since those trade disputes, especially with China, are not settled, the Trump administration is initially making $6 billion available in emergency aid to farmers.
The Agriculture Department has authorized up to $12 billion in relief to U.S. growers. Soybean producers, in particular, have been hard hit by Chinese retaliatory tariffs and stand to get up to $3.6 billion in assistance under the Market Facilitation Program.
In June, Perdue told CNBC that Trump instructed him to make a plan for any potential impact from a trade war on farmers.
Perdue said at the time that he was calculating the effects of trade disruptions on a weekly basis and making them known to the administration. The payments to farmers will be based on "actual production, not on any kind of average," Perdue said. "It's going to be individual, by farmer."
The relief will not be able to make farmers "whole," but to ensure they don't have a disastrous season, he said.
Trump said [the new] trade agreement between the U.S. and Mexico, paving the way to replace the 1994 North American Free Trade Agreement, will help farmers and manufacturers. Perdue predicted that the U.S.-Mexico trade deal will get Canada to come along on a finalized, new NAFTA-type agreement among the three nations.
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The above quotations are from Campaign promises compared to follow-up actions taken by the Trump Administration.
Click here for other excerpts from Campaign promises compared to follow-up actions taken by the Trump Administration. Click here for other excerpts by Sonny Perdue. Click here for a profile of Sonny Perdue.
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