Trade Talks Episode 48: Trump Buys the Farmers
Soumaya Keynes and Chad Bown explain the US government decision to offer up to $12 billion of subsidies to farmers adversely affected by trade retaliation stemming from President Trump’s tariffs on steel, aluminum, and China. They speak with Joe Glauber (IFPRI, former USDA) about US farm subsidies past and present, including the Commodity Credit Corporation Charter Act, as well as America’s legal commitments under the WTO to limit agricultural payouts.
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Soumaya Keynes (The Economist) and Chad P. Bown (PIIE)