Trump Plans $12 Billion Bailout To Farmers Because Of Tariffs Imposed On Their Goods By His Own Trade War

CNBC reports:

The Trump administration plans to offer billions of dollars in aid to farmers hit by tariffs on their goods, an emergency bailout intended to ease the pain caused by Trump’s escalating trade war in key electoral states, people briefed on the plan told CNBC.

The total aid amount is reportedly about $12 billion. A senior administration official told NBC News that the aid would be temporary.

The announcement could come as soon as Tuesday afternoon, hours after the president proclaimed on Twitter that “Tariffs are the greatest!” An industry source briefed on the plan said the package could use existing programs designed to mitigate price and coverage risks, and could target dairy, pork and soy products.