Can the government offset the costs of its trade fight?

Andy Uhler Jul 25, 2018
HTML EMBED:
COPY
Hank Keizer selects cattle to bring into the milk barn on his farm June 29, 2005 near Delavan, Wisconsin. The $12 billion aid package would go to dairy, soybean and pork farmers. Scott Olson/Getty Images

Can the government offset the costs of its trade fight?

Andy Uhler Jul 25, 2018
Hank Keizer selects cattle to bring into the milk barn on his farm June 29, 2005 near Delavan, Wisconsin. The $12 billion aid package would go to dairy, soybean and pork farmers. Scott Olson/Getty Images
HTML EMBED:
COPY

The Department of Agriculture announced a $12 billion aid package on Tuesday for farmers impacted by U.S. trade disputes. The money would go to pork, soybean and dairy farmers among others who have been slapped with retaliatory tariffs in response to President Donald Trump’s tariffs on foreign goods. But how much can the government do to offset the costs of its trade fight? The answer may depend on how long the fight goes on and whom it impacts. 

Click the audio player above to hear the full story. 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.