American Import Duties – Donald Trump promises to help American farmers

WASHINGTON, DC - MAY 09: U.S. President Donald Trump speaks during a South Lawn event to honor the Boston Red Sox at the White House May 9, 2019 in Washington, DC. President Donald Trump hosted the Boston Red Sox to honor their championship of the 2018 World Series.(Photo by Alex Wong/Getty Images)

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US President Donald Trump promised to help US farmers, who were hit by China’s trade dispute on Tuesday, in a series of Twitter entries.

The President predicted that farmers would be “the greatest beneficiaries of the commercial war” later on.
“We hope China honors us by continuing to buy from our great agricultural products, these are the best,” but if that doesn’t happen, the US government will buy the difference. This would be financed by “massive customs revenue” – said Trump to the farmers.
The President said, “Farmers have forgotten until now. Now their time has come”. At the same time, he indicated that it was not in a hurry to conclude a trade agreement, “would be done in due time”, but hopefully it would soon.
At the same time, he reiterated that his friendship with Xi Chin-ping is “boundless, but as I said to him, the agreement must be great for the United States or not at all”.
In July last year, the US government provided $ 12 billion in help to farmers, and although Trump did not mention the specific amounts of Tuesday’s quotes, his economic advisor, Larry Kudlow, once again anticipated 12 billion in a Sunday television interview.
On Tuesday, however, the US press reported that China and the United States are continuing their trade talks after the 11th round of talks, which was otherwise scheduled to end, was unsuccessful on Friday in Washington, and came into force from $ 10 billion to $ 25 billion a year. Chinese import item. In response, China announced on Monday that it would increase the duty on thousands of US import articles from 1 June.

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