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Trump Cuts USDA Funds Over Farmer Subsidies

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According to Reuters, President Donald Trump’s proposed 2020 budget cuts 15-percent from the USDA. President Trump added that subsidies paid to farmers by the Department of Agriculture were overly generous. Trump made the decision at the same time that framers are facing their worst financial hardships in decades to due Trump’s trade policy. Tariffs imposed on China by the Trump administration have depressed commodity prices for agriculture, which has been bad for farmers, especially those who export crops to China. The 2020 budget requests about $20 billion for the USDA, which cuts $3.6 billion when compared to its current budget.

Added on the 11/03/2019 17:17:08 - Copyright : Wochit

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