President Donald Trump has announced a $16 billion aid package for American farmers aimed at softening the financial blow created by the ongoing trade war with China.
This announcement comes as tensions continue to escalate between the United States and China.
Thursday’s aid package is the second bailout the Trump administration has issued in response to decreased agriculture trade with China.
Advertisement
Earlier this month, talks between the two countries ended without a deal as Trump imposed another round of tariffs on $200 billion of Chinese goods.
And both Trump and President Xi Jinping of China have signaled that they are prepared for a long fight, if necessary.
Related posts:
US Senate Approves $95 Billion Aid Package To Ukraine, Others
EU announces $29.24m emergency aid package for Northeast
Trump wants $12 billion in aid to U.S. farmers suffering from trade war
IMF says talks with Zambia on possible aid package still on hold
Germany announces €65bn package to combat rising energy costs
COAS announces N18bn compensation package for families of fallen soldiers
U.S: Law enforcement officials intercept package containing poison addressed to Trump
US President Biden announces new $2.98bn in military aid to Ukraine
