Trump administration eyes more aid to farmers if necessary: White House aide
Source: Reuters
POLITICS APRIL 29, 2019 / 5:11 PM / UPDATED 3 HOURS AGO
Trump administration eyes more aid to farmers if necessary: White House aide
WASHINGTON (Reuters) - The Trump administration is ready to provide more federal aid to farmers if required, a White House adviser said on Monday, after rolling out up to $12 billion since last year to offset agricultural losses from the trade dispute with China.
We have allocated $12 billion, some such, to farm assistance. And we stand ready to do more if necessary, White House economic adviser Larry Kudlow told reporters.
The U.S. Department of Agriculture had previously ruled out a new round of aid for 2019. As of March, more than $8 billion was paid out as part of last years program. On Monday, the department said it had extended the deadline to apply to May 17.
A constituency that helped carry Republican President Donald Trump to victory in 2016, U.S. farmers have been among the hardest hit from his trade policies that led to tariffs with key trading partners such as China, Canada and Mexico.
While farmers have largely remained supportive of Trump, many have called for an imminent end to the trade dispute, which propelled farm debt to the highest levels in decades and worsened the credit conditions for the rural economy.
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https://www.reuters.com/article/us-usa-trade-aid/trump-administration-eyes-more-aid-to-farmers-if-necessary-white-house-aide-idUSKCN1S524Q