USDA Is Funneling ‘Trade Aid’ to the Agriculture Sector. It’s Old-Fashioned Corporate Welfare.
10th July 2019
There is renewed hope for trade talks with China—a welcome development for the American economy. But the damage caused by the fight continues.
The U.S. Department of Agriculture is using the situation as an excuse to funnel more taxpayer money to the agricultural industry. It is spending $16 billion on trade aid for farmers affected by the trade fight with China. This is on top of the $12 billion in allegedly “one-time” aid provided to farmers last year in response to trade disputes with various countries, including China.
If this wasn’t bad enough, it now appears the Department of Agriculture plans to use trade aid money to help farmers deal with non-trade-related issues.