Tariffs are taxes. They cost consumers and taxpayers. Bailouts also cost taxpayers. We get where Trump is going with the whole “trade war” thing but taxes and bailouts are bad.
We are taxed enough already, and we certainly shouldn’t be bailing out any more connected industries. (Not that we don’t bail out Big Agriculture on a regular basis via established crony means already anyway.)
(From The USA Today)
The Trump administration will announce a plan Tuesday to direct billions of dollars to farmers hurt by the escalating trade war with China and other countries, according to a source a familiar with the plan.
The proposal to stabilize farmers, some of whom have watched prices tumble amid ongoing trade disputes, is a recognition that Trump’s tariffs are having a short-term impact on the agriculture sector heading into the midterm elections.