'Tariffs are the greatest!': Trump reissues threat against U.S. trading partners

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China said it would retaliate, leaving even more USA farm products at risk.

As just one example of how farmers are impacted, China used to import $1 billion worth of American-grown sorghum annually, which made up 77 percent of all US sorghum exports.

Trump said separately during a speech in Kansas City that "farmers will be the biggest beneficiary" of his trade agenda as he seeks better trade agreements.

Retaliatory tariffs on goods such soybeans, pork, beef and bourbon have hit farmers' and others' bottom lines in Wisconsin, North Carolina, Ohio, Iowa and Kentucky. White House officials hope it will quiet some of the unease from farm groups, but the new plan could revive debates about taxpayer-funded bailouts and the degree to which Trump's trade strategy is leading to unforeseen costs. The imposition of punishing tariffs on imported goods has been a favoured tactic by Trump, but it has prompted USA trading partners to retaliate, creating risks for the economy.

Politico, citing two sources familiar with the plan, also reported the administration will pay for billions in trade-related aid through the U.S. Department of Agriculture's broad authority and two commodity support programs in a farm bill under consideration in Congress.

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Details about the bailout plan are scanty at this point, though the Post indicates it will include "direct assistance, a food purchase and distribution program, and a trade promotion program".

"Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs". "All will be Great!" he concluded. Rep. Justin Amash (R-Mich.) responded to the president's tweet, saying: "Umm...no. Tariffs are taxes. The fact that other countries are bad at economics-and harm their own people with tariffs and other protectionist schemes-does not justify our own economic incompetence".

"This trade war is cutting the legs out from under farmers and White House's "plan" is to spend $12 billion on gold crutches", Sasse said in a statement Tuesday.

Brennan replied to an earlier message from Trump on Twitter calling tariffs "the greatest".

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