Trump Says He'll Use Tariff Surplus to Bail Out Farmers Who Are Going to be Hurt'
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Trump Says He'll Use Tariff Surplus to Bail Out Farmers Who Are Going to be Hurt'
"We're going to take some of that tariff money that we made, we're going to give it to our farmers, who are, for a little, going to be hurt until it kicks in the tariffs kick in to their benefit, Trump said. So, we're going to make sure our farmers are in great shape 'cause we're taking in a lot of money. Trump then repeated a story about finding billions of dollars on the tariff shelf."
"We're finding, the other day, it was very interesting they found $31 billion, Trump said. They said, Sir, I said, You mean positively, right? They said, Yeah, 31 more than we knew. We didn't know where it came from. I said, Check the tariff shelf. They came back the following morning, they said, You're right sir, it came from the tariffs. We've never seen anything like this."
"So what we're going to be doing is taking some money from all of the tariff money that we're taking and we're going to be distributing it to all of our farmers, until the tariffs kick in to their benefit. which, ultimately, the farmers are going to be making a fortune. But it's a process that ultimately has to kick in."
President Donald Trump pledged to distribute surplus tariff revenue to American farmers who have been harmed by tariffs and retaliatory trade measures. He said officials found $31 billion in unexpected tariff receipts and that some of those funds will be allocated to farmers until tariffs begin producing net benefits. He predicted that farmers ultimately will profit once the tariff effects materialize. Trade agreements that could restore lost markets have not yet emerged, leaving many farmers uncertain. A farm bailout faces uncertain prospects in Congress. Some farmers, including a corn and soybean grower in Indiana, say patience is running thin.
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