FOR IMMEDIATE RELEASE
July 24, 2018
Contact: Andrew Jerome, 202-314-3106
WASHINGTON – The Trump administration today announced a $12 billion plan to provide emergency aid to farmers amidst an escalating trade war with China and other trading partners. The plan will include direct assistance, a food purchase and distribution program, and a trade promotion program.
National Farmers Union (NFU), the nation’s second largest general farm organization, urged the administration to do more to provide a long-term fix to the long-term damage of the trade war. The group supports the president’s efforts to improve fair trade relationships with trading partners, yet has grown weary of the administration’s go-it-alone, bull-in-a-china-shop approach.
NFU President Roger Johnson issued the following statement in response to the announcement:
“President Trump’s escalating trade war with China and much of the rest of the world requires that we go to significant lengths to protect the men and women who grow our food, fuel and fiber. Their livelihoods are on the line with every tweet, threat or tariff action that comes from the White House. Market prices for farm products are plunging from already very low levels, and it’s been estimated that farmers lost more than $13 billion last month alone due to trade disruptions.
“While we appreciate the move to provide stopgap assistance, this plan is a short-term fix to a long-term problem. The administration must develop a support mechanism that will mitigate the significant damage that is being inflicted upon our most vital international markets for years to come. They should do this by working with Congress to ensure farm bill programs provide enough assistance to farmers when markets collapse.”
To download an audio file of Roger Johnson’s quote, visit our website at nfu.org/audio.
National Farmers Union advocates on behalf of nearly 200,000 American farm families and their communities. We envision a world in which farm families and their communities are respected, valued, and enjoy economic prosperity and social justice.
Look for us online at NFU.org and on Facebook, Twitter and Instagram.
The current trade war is bad in itself and getting our customers back is going to be a real problem ! How are they going to know that this won’t happen again?I fear many will not be coming back.In the mean time China & Russia have quietly been shoring up trade agreements with t least 50 countries.Belt & Road is huge and only one of them,at least 17 trade agreements have been signed, none of which involve the US even as observer status !!