- Jun 19, 2020
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Ahead of President Trump’s plan to impose sweeping tariffs across the globe this week, his administration is weighing a new round of emergency aid to farmers, who are likely to be caught in the middle if America’s trading partners retaliate.
The early discussions offer a tacit acknowledgment that Mr. Trump’s expansive tariffs could unleash financial devastation throughout the U.S. agricultural industry, a crucial voting base that the president similarly tried to safeguard during his 2018 trade war with China.
While the president has not announced any details of an aid package, his advisers have signaled in recent days that he could follow a playbook similar to the one he used in his first term, when he directed billions in payments to farmers who saw their exports to China plummet amid a trade war with Beijing. NYT
It's "Déjà vu all over again" or, what's the definition of insanity again? Problem is, it's just not the farmers this go around who will feel the effects of retaliatory tariffs. I live in Seattle, and north of me there's this place called Point Roberts who depend on Canadian customers. Darn near every business there is or will go under.