As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by TheHill.com:
Senate Minority Leader Charles Schumer (D-N.Y.) blasted the administration’s plan to offer financial aid to farmers impacted by President Trump’s protracted trade battle, calling it a “bailout” and comparing it to a “soviet-style program.”
“The president’s bailout is like a soviet-style program where the government props up an entire sector of the economy. And that characterization is one that I spoke of this morning to several colleagues, and I’ve now been told one of my Republican colleagues used the same characterization,” Schumer said during a Senate floor speech, referring to comments from GOP Sen. Ron Johnson (Wis.).
The article goes on to state the following:
The U.S. Department of Agriculture (USDA) is offering $12 billion in aid to farmers hindered by retaliatory tariffs imposed on U.S. grain, produce and meat exports. The aid will be used to assist and buy crops from farmers, who say they’ve been hit hard by Trump’s trade policies.
Senators, including GOP lawmakers, blasted the decision, arguing it didn’t solve what they view as the real problem: Trump’s tariff policies. The administration has slapped steep tariffs on steel and aluminum imports, sparking retaliatory penalties from key trading partners.
To weigh in on this information provided by TheHill.com, engage in our LIVE CHAT below. Scroll down.