Perdue says farmer aid package still a work in progress

WASHINGTON — Agriculture Secretary Sonny Perdue says his agency is still "in the throes of constructing" an aid package for farmers hurt by retaliatory tariffs, but he is not saying when it will be ready.

Perdue says the Agriculture Department is reviewing feedback from producers about the strengths and weaknesses of last year's relief package, valued at nearly $12 billion.

Perdue says he believes this year's assistance will be enough to offset losses caused by the tariffs. He also predicts the current trade battles with China will not cause long-term harm to U.S. farmers.

Perdue, speaking from South Korea, has been tasked by President Donald Trump to assist farmers who have seen prices for their products fall because of tariffs imposed by China in response to tariffs that Trump initiated.

Other News

Global stocks drift lower as investors await US data

Aug 16, 2016

Shares were lower across global markets on Tuesday in sluggish trading, while oil prices resumed gains

Insurers continue to abandon ACA exchanges, limiting choice

Aug 16, 2016

Aetna will abandon for next year Affordable Care Act insurance exchanges in more than two-thirds of the counties where it sells coverage, making it the latest major health insurer to cuts choices in many markets

Asian stocks mostly higher after Wall Street decline

Aug 17, 2016

Asian stock markets were mostly higher Wednesday after Wall Street declined

The Budget Report seeks to provide comprehensive coverage and analysis on the current economic, financial issues around the world. First hand finance and economic news all day, every day.

Contact us: sales@thebudgetreport.com