U.S. Sen. Pete Ricketts expects President Donald Trump will seek to compensate Nebraska’s farmers if they suffer economic damages due to a brewing trade war over Trump’s tariffs.
Trump addressed his trade policy and farmers in his speech before a joint session of Congress Tuesday, asking farmers to “bear with me again” as he seeks to use tariffs to reset trade relations with nations around the world.
“He said, ‘Hey, look, there’s going to be an adjustment period here, but I love our farmers,’ and he’s going to look out for them,” the Nebraska Republican said during a conference call with reporters Wednesday. “And if you look at what he did his first term, that’s exactly what he did.”
Indeed, Trump offered billions of direct aid payments to U.S. farmers during his first term after his tariff policies toward China drew retaliatory tariffs on American agricultural products.
The Nebraska Farm Bureau in 2019 had estimated the tariff dispute had cost Nebraska producers $1 billion. It’s unclear whether aid payments covered all such losses in the end.
Trump addressed his trade policy and farmers in his speech before a joint session of Congress Tuesday, asking farmers to “bear with me again” as he seeks to use tariffs to reset trade relations with nations around the world.
“He said, ‘Hey, look, there’s going to be an adjustment period here, but I love our farmers,’ and he’s going to look out for them,” the Nebraska Republican said during a conference call with reporters Wednesday. “And if you look at what he did his first term, that’s exactly what he did.”
Indeed, Trump offered billions of direct aid payments to U.S. farmers during his first term after his tariff policies toward China drew retaliatory tariffs on American agricultural products.
The Nebraska Farm Bureau in 2019 had estimated the tariff dispute had cost Nebraska producers $1 billion. It’s unclear whether aid payments covered all such losses in the end.
U.S. Sen. Pete Ricketts says Trump likely to seek compensation for farmers harmed by tariffs
U.S. Sen. Pete Ricketts expects the president will compensate farmers if they suffer due to tariffs: “He said, ‘Hey, look, there's going to be an adjustment period here, but I
omaha.com
