A recovery for farmers caught in Trump’s trade war is already being discussed. ‘If we don’t get anything, this will be a disaster’

• Trump Management officials and MPs are planning to help farmers retaliation appears against US tariffs. China and Canada have assumed duties in some of the best agricultural exports of the United States. In the first period of Trump, farmers received $ 23 billion after a previous tariff tour.

As Trump management officials and MPs warned about the economic reflections caused by agriculture, they began to discover a aid pack for US farmers.

This may damage the export of US farm products against President Donald Trump’s comprehensive import taxes.

Agricultural Secretary Brooke Rollins told reporters last week, “In fact, if we have some economic results for our farmers and perhaps our farms in the short term, we are building the infrastructure that we will have programs for it.”

He said on Sunday Cnn The Administration should be prepared in case of “long -term damage” by lining the funds with MPs.

Senator John Hoven (RN.D.) confirmed the discussions on a farm rescue and said he was talking to Rollins.

USDA did not answer immediately Fortune Request for comments.

On Wednesday, Trump announced at least 10% tax on all imports and even higher rates in certain trade partners. Some countries retaliated with their own taxes against certain industries.

On Friday, a large export market for the Chinese – previously announced 34% tariff in US imports imposing 15% tariff and query for chicken, wheat, corn and cotton grown in the USA, 10% tax to soybean beans, pork, beef, seafood, fruit, vegetables and dairy products were added.

In addition, 25% of Canada was employed 30 billion dollars Including peanut butter, orange juice and coffee. The country also threatened to expand its tariffs. 155 billion dollars If the US continues its trade policy, the value of imported goods, including poultry, products and dairy products. The European Union threatened to retaliate to farmers of soy, beef and poultry in Bloc’s efforts to target the red states.

Trade groups warned that retaliation tariffs on US agricultural exports can damage the prices of corn, soybeans, cotton and other products. The price of soybeans sank more than 3% on Friday and fell almost 17% a year ago. Approximately 60% of soybeans, food and soybean oil produced in the US are exported.

“We hope that there will be a savior,” he said, “A query and cotton farmer who sits on the board of directors for a Sorgum Cereal Trade Group in Texas. Wall Street Journal. “If we don’t get anything, this will be a disaster.”

According to the Federation of the American Farm Office, the agricultural industry is based on exports for more than 20% of its annual income.

USA exported in 2024 176 billion dollars In agricultural products, 47%go to three countries: Mexico (17.2%), Canada (16.1%) and China (14%). Accordingly USDAsoybeans, livestock products, peanuts, fruits, vegetables, cereals and feeds are among the best exports of the USA.

Tariffs in the early period of Trump triggered retaliation that caused a decrease in agricultural exports of more than 27 billion dollars. USDA. The government gave $ 23 billion economic aid to farmers to help balance the loss.

Rishing tariffs add obstacles to a sector that already struggles. Congress one last year 10 billion dollar aid package In order to help reduce the impact of increasing input costs and commodity prices, farmers and recently started to try help. In a statement to the assistant congress assistant WSJ, the new package can be larger because the industry is facing extensive difficulties.

In his statement to WSJ, he said, uz We share the goal of balancing the playground with our international partners, but increasing tariffs threaten the economic sustainability of farmers who have lost money in most crops for the last three years, ”he said.

In addition to the impact of retaliation tariffs on agricultural exports, the US tariffs on imports may increase the prices paid by farmers for equipment, insecticide and fertilizer.

Meanwhile, farmers suffer from the Ministry of Government Productivity, who sings the USAID. The US government has roughly purchased in 2020 2.1 billion dollars American farmers’ food aid.

This story initially took part in Fortune.com