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Agriculture Dept. Will Pay $4.7 Billion To Farmers Hit In Trade War

On Sept. 4, the Agriculture Department will accept applications from farmers who produce corn, cotton, dairy, hogs, sorghum, soybeans and wheat — products hit by retaliatory tariffs after the U.S. imposed a levy on $34 billion worth of Chinese imports. Last month, farmer Terry Davidson walked through his soy fields in Harvard, Ill.

Most of the money — more than $3.6 billion — will go to soybean farmers. Last year, China bought nearly a third of all soybeans grown in the U.S.

(Image credit: Nova Safo/AFP/Getty Images)

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Satoshi Nakamoto 31.08.2018

Satoshi Nakamoto