A soybean farm in Stuttgart, Ark. China has been boycotting U.S. crops this year, worsening a financial crisis for American growers.
Punishing Chinese tariffs that prompt painful retaliation. American farmers on the brink of bankruptcy. A multibillion-dollar bailout to keep farmers afloat.
It is 2018 all over again as the Trump administration prepares to address the same policy crisis it faced seven years ago when President Trump, who imposed stiff tariffs on Chinese imports, had to shield the U.S. agriculture industry from the fallout of his trade war.
Mr. Trump has once again hit China with tariffs in his second term, eliciting the same economically painful retaliation by Beijing. As a result, the Trump administration is expected to unveil another round of economic support for farmers as soon as Tuesday. The scale and mechanics of the bailout remain unclear, but the crisis is even more urgent as China, the biggest buyer of American farm products, has drastically scaled back purchases of U.S.
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