WASHINGTON ¨C U.S. President Donald Trump on Sunday welcomed a ¡°cash¡± payout to American farmers before the Thanksgiving Day holiday that he attributed to China tariffs, but that money actually is part of a U.S. government aid package.
¡°Our great Farmers will recieve (sic) another major round of ¡®cash,¡¯ compliments of China Tariffs, prior to Thanksgiving,¡± he wrote on Twitter.
¡°The smaller farms and farmers will be big beneficiaries. In the meantime, and as you may have noticed, China is starting to buy big again. Japan deal DONE. Enjoy!¡±
The U.S. Department of Agriculture said on Friday it will begin making a second round of 2019 trade aid payments to U.S. farmers next week.
The payments are the second part of a three-tranche $16 billion aid package announced in May to compensate farmers for the U.S.-China trade war. China imposed tariffs on key U.S. agriculture exports including soybeans and pork last year after Trump¡¯s administration levied duties on Chinese goods.
The United States and China are trying to negotiate a phase one trade pact to end the tensions, but it is unclear when it might be finalized.
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