'Such temporary solutions are not sufficient to address the permanent damage the trade war has inflicted on agricultural export markets.'
The president of the National Farmers Union has called President Donald Trump's plan to offer farmers $15 billion in subsidies a "temporary" solution that would not address the"permanent damage" created by the trade war with China.
While expressing gratitude for the assistance, Roger Johnson, the president of the National Farmers Union, voiced concern about the growing tensions with China and their impact on agricultural producers. Johnson's comments came after China announced on Monday it would levy tariffs as high as 25 percent on $60 billion of American exports, a retaliatory move to counter Trump's declaration to raise tariffs to 25 percent on $200 billion of Chinese imports.
"Corn and soybean prices are depressed, combined with a delayed 2019 planting season due to heavy rains, and farmers are facing their sixth straight year of declining net farm income," the organization said."If this trade uncertainty lingers, we will certainly be looking to the Trump Administration for another round of market facilitation payments. Farmers continue to bear the brunt of the trade wars.
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