President Trump planning emergency aid to farmers affected by tariffs

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President Donald Trump on Tuesday bragged about the trade wars he started - even though reports from around the country indicate that these trade wars are poised to hammer American farmers.

The Trump administration will reportedly give $12 billion in aid to farmers hurt by the tariffs.

President Trump's tariff threats against China, Canada, Mexico and the European Union prompted immediate threats of retaliation.

It will rely in part on a Depression-era program called the Commodity Credit Corporation, a division of the Agriculture Department that was created in 1933 to offer a financial backstop for farmers. But in response to American tariffs, Beijing imposed its own on soybeans, in addition to other American agricultural products.

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Farmers have been hit especially hard after our trade partners issued retaliatory tariffs on billions of dollars worth of goods following Trump's 25% and 10% tariffs on steel and aluminum, respectively.

Mr. Trump didn't specifically by name which countries will come to the White House or when they're set to arrive.

Before departing for Kansas City, Trump tweeted that US trade partners need to either negotiate a "fair deal, or it gets hit with Tariffs".

After Trump announced plans to impose $50 billion in tariffs on Chinese imports, Beijing retaliated with plans to impose tariffs on a range of agricultural products from the United States including soybeans, grains, meats and dairy products.

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Trump has threatened to place penalty taxes on up to $500 billion in products imported from China, a move that would dramatically ratchet up the stakes in the trade dispute involving the globe's biggest economies.

You read that and wonder if Trump took a single economics class at the University of Pennsylvania, but it's not an entirely unpopular position.

"We're stopping the barriers to other countries".

Trump is meeting with European Commission President Jean-Claude Juncker (zhahn-KLOHD' YUN'-kur) on Wednesday.

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He promised to protect US workers and promote American industry after threatening to impose another $500 billion in tariffs on Chinese exports - a move expected to bring more Chinese retaliation against USA goods.