Trump’s $28 Billion Trade War Bailout Is Overpaying Farmers
- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. President Donald Trump’s $28 billion farm bailout may be paying many growers more than the trade war with China has cost them. The U.S. Department of Agriculture’s calculations overshot the impact of the trade conflict on American soybean prices, according to six academic studies, a conclusion that is likely to add to criticism that the bailout has generated distortions and inequalities in the farm economy. “It’s clear that the payment rates ...
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