Donald Trump set for tense trade talks with EU's Jean-Claude Juncker

"What you heard (Monday) is the sentiment of many farmers: They would rather have their trade markets open than aid programs", said Sandison, who spoke at the Pacific Northwest Economic Region summit in Spokane on Monday.

The plan will take effect around Labor Day, with the $12 billion total "calculated to match the estimated $11 billion of economic damage that retaliatory tariffs will inflict on US farmers", officials told The Washington Post.

The package of programs is authorized under the Depression-era Commodity Credit Corporation Charter Act, according to Agriculture Secretary Sonny Perdue, and thus does not require approval from Congress.

And the general reaction from farmers, many of whom would benefit from the payments, is that it's a short-term fix that won't work in the long run.

Earlier on Tuesday, Nebraska Sen.

But more voices including in Trump's own Republican Party are coming out against his confrontational stance.

President Trump is scheduled to hold talk in Washington on July 25 with President of the European Commission Jean Claude Juncker. Bob Corker (R-Tenn.), calling the tariffs "a massive tax increase on American consumers and businesses" and the emergency aid "welfare to farmers".

Greg Ibach, undersecretary for marketing and regulatory programs, said the programs should reassure farmers that the administration has their support until new trade deals can be put in place.

Soybeans are down 10.22% this year through Tuesday. These new export markets will remain when the current disputes over trade are settled on terms more favorable to American producers.


"This administration's tariffs and bailouts aren't going to make America great again, they're just going to make it 1929 again", he said in a statement. Debt-to-income ratios for farmers are at a 34-year high. "Both the U.S. and the European Union drop all Tariffs, Barriers and Subsidies!" he wrote.

The United States exported $138 billion in agriculture products in 2017, including $21.5 billion of soybeans, the most valuable U.S. export, China alone imported $12.3 billion in soybeans previous year, according to the U.S. Department of Agriculture.

Mr Trump on Tuesday crowed that it was his tough stance and threats of auto tariffs that brought the European leader to the bargaining table. The US and the European Union have been lobbing new tariffs on products since Trump announced earlier this year tough new levies on steel and aluminum exports.

US farmers are expected to grow 14.2 billion bushels of corn this year and 4.3 billion bushels of soybeans, down some from last year but still huge crops.

"For years, the USA has been losing hundreds of billions of dollars in trade with the European Union, and we just want it to be a level playing field for our farmers, for our manufacturers, for everybody and we also want a big beneficiary, frankly, to be the European Union and we think it can be good for everybody and that's why we are here to discuss", he said, sat alongside Juncker in the White House.

Responding to farm groups and Republican criticism on Capitol Hill, the administration has been working for months on a plan to shore up slipping prices for soybeans, pork and other crops hit with retaliatory tariffs from China.

"The USDA will not stand by while our hard-working agricultural producers bear the brunt of unfriendly tariffs enacted by foreign nations".

He reiterated his willingness to ratchet up the trade war in a Tweet, stating, "Tariffs are the greatest!".


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