White House announces $16 billion in aid to farmers hurt by China trade dispute
The Trump administration will provide $16 billion in aid to help keep farmers afloat as they reel from the yearlong trade war between the U.S. and China, the latest sign that the world's two largest economies are still far from striking a long-term trade agreement. The bulk of the support, or about $14.5 billion, is direct aid to farmers, which producers will start to see some time this summer, Agriculture Secretary Sonny Perdue told reporters in a briefing on May 23.
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