Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Trade impasse: Trump pledges $16B to farmers; markets slump

 

Michael Conroy – Associated Press file

FILE - In this Sept. 21, 2018, file photo, Mike Starkey offloads soybeans from his combine as he harvests his crops in Brownsburg, Ind. For months, the U.S. economy has shrugged off the tariffs slapped by America and China on tens of billions of dollars of each other's goods. In drawing up its list of targets, Beijing focused specifically on soybeans and other farm products in a direct shot at Trump supporters in the U.S. (AP Photo/Michael Conroy, File)

WASHINGTON - President Donald Trump rolled out another $16 billion in aid for farmers hurt by his trade policies, and financial markets shook Thursday on the growing realization that the U.S. and China are far from settling a bitter, year-long trade dispute.

U.S. Agriculture Secretary Sonny Perdue said that the first of three payments is likely to be made in July or August and suggested that the U.S. and China were unlikely to have settled their differences by then.

http://www.startribune.com/china-seeks-asian-neighbors-support-in-trade-fight-with-us/510314692/

 

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