U.S. farmers receive $7.7 billion in trade aid to date: USDA

Reuters

Published Feb 22, 2019 09:52AM ET

U.S. farmers receive $7.7 billion in trade aid to date: USDA

WASHINGTON (Reuters) - U.S. Department of Agriculture has paid out $7.7 billion so far to farmers, William Northey, Undersecretary for Farm Production and Conservation, said on Friday, in aid designed to offset the negative impact of tariff imposition.

The administration of President Donald Trump has pledged up to $12 billion in aid to help offset losses for crops hit by retaliatory Chinese tariffs imposed in response to Washington’s tariffs on Chinese goods.