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Trade War Between China and U.S. Affects Farmers

Farmers experienced huge loss as a result of the trade war when Beijing imposed tariffs on a variety of U.S. agricultural products, including soybeans, corn and pork. In some cases, the Chinese market evaporated for American exporters, resulting in tumbling commodity prices, and big losses for U.S. farmers.

To make up for some of these losses, the Trump administration has been making payments to eligible farmers. It has also allocated funds to organizations that help promote foreign agricultural trade, and has purchased surplus commodities affected by the tariffs, distributing the food to food banks and schools. In total, $28 billion has been promised. According to the U.S. Department of Agriculture, farmers have already received $6.8 billion this year from the trade mitigation package.