What Happened: The Trump administration announced that U.S. farmers will receive $12 billion in aid to offset the effects of an ongoing trade war that resulted in tariffs being placed on U.S. agricultural products, The Washington Post reported July 25.
Why It Matters: Many of U.S. President Donald Trump's supporters are in states and sectors that have been negatively affected by retaliations to Trump's trade measures, and providing aid could provide a short-term solution to boost or maintain support for the president and his policies ahead of elections in November 2018.
Background: Because of its reliance on global trade, the U.S. farming sector has been among the most negatively impacted by the ongoing trade war, and will continue to struggle under the current trade policies without continued support.
- The Real Target of Trump's Trade War (July 24, 2018)
- Tariffs on U.S. Soy Will Strengthen Brazil's Hand in the Chinese Market (July 20, 2018)
- The U.S. and China Escalate Their Trade Tiff With Tit-for-Tat Tariffs (June 15, 2018)
- U.S. Firms Caught in the Crossfire in Trade War with China (June 20, 2018)