• Latest
  • Trending
  • All

Trump’s farmer bailout raises fears about trade war winners and losers

October 7, 2025

Temporary disposable barbecue ban over wildfire risk

August 15, 2026

Why tech bosses keep sharing their manifestos about AI

August 15, 2026

European Athletics Championships 2026: Keely Hodgkinson takes 800m silver behind Swiss rival Audrey Werro

August 15, 2026

Electric vehicle sales targets could be cut after pressure from car makers

August 14, 2026

Business Daily – Taking Stock: The cost of heatwaves

August 14, 2026

Major oil slick washes up on Iran coast after Hormuz ship strike

August 14, 2026

Rare breeding bat found roosting near South Yorkshire reservoir

August 14, 2026

Killer who will not say where wife's body is to stay in prison

August 14, 2026

Amy Hunt: Can getting glammed up really improve your performance?

August 14, 2026

Arrests and road closed over suspected abduction in East Lothian

August 14, 2026

Tân mawr ger Llanymddyfri yn gorfodi nifer o bobl i adael eu tai

August 14, 2026

Ardoyne: Police defend response to north Belfast incidents

August 14, 2026
News
  • Login
  • Home
  • News
  • Sports
  • Worklife
  • Travel
  • Reel
  • Future
  • More
Saturday, August 15, 2026
No Result
View All Result

NEWS

3 °c
London
8 ° Wed
9 ° Thu
11 ° Fri
13 ° Sat
  • Home
  • Video
  • World
    • All
    • Africa
    • Asia
    • Australia
    • Europe
    • Latin America
    • Middle East
    • US & Canada

    Australia v Bangladesh: Steve Smith benefits from reprieve but tourists dominate day one of first Test

    Builders unearth €9m gold loot sealed in walls of Belgian property

    Chad’s Succès Masra: Former prime minister given state pardon

    Japan: Record rain in Chiba kills eight as thousands stranded at Narita Airport

    Engine parts smashed Ryanair window that man’s head was sucked out of, report says

    Stolen Matisse artworks recovered by police in Brazil

    Israeli settlers besieging Palestinian families in West Bank village

    Concern grows over conditions on USS Abraham Lincoln

    Australian army whistleblower released on parole after more than two years in jail

  • UK
    • All
    • England
    • N. Ireland
    • Politics
    • Scotland
    • Wales

    Temporary disposable barbecue ban over wildfire risk

    European Athletics Championships 2026: Keely Hodgkinson takes 800m silver behind Swiss rival Audrey Werro

    Killer who will not say where wife's body is to stay in prison

    Arrests and road closed over suspected abduction in East Lothian

    Tân mawr ger Llanymddyfri yn gorfodi nifer o bobl i adael eu tai

    Ardoyne: Police defend response to north Belfast incidents

    'Welcome to one of the most bizarre by-elections in recent history'

    European Athletics Championships 2026: Amy Hunt wins 200m gold as Dina Asher-Smith claims bronze

    'Releasing my son's killer early would be a slap in the face'

  • Business
    • All
    • Companies
    • Connected World
    • Economy
    • Entrepreneurship
    • Global Trade
    • Technology of Business

    Electric vehicle sales targets could be cut after pressure from car makers

    Business Daily – Taking Stock: The cost of heatwaves

    US says dozens of countries helped China dodge Trump’s tariffs

    RBSI announces around 50 job cuts in Jersey

    UK economy grows but experts warn of challenging months ahead

    Twitch users can now block Amazon from using their content to train AI

    Burnham warned Iran war could hit UK growth next year

    First wave of ‘pounds for pylons’ energy discount sites revealed

    Trump Media reports $238m loss as crypto falls

  • Tech
  • Entertainment & Arts

    Meghan hits red carpet at Power of Women in Hollywood

    Margot Robbie unable to speak at Saltburn premiere

    Barbra Streisand: Siri can now pronounce my name

    Wes Anderson’s The Grand Budapest Hotel inspires cinema’s look

    Taylor Swift/ Travis Kelce romance reaches White House

    The Killers booed at Georgia concert after inviting Russian fan on stage

    Watch: Memorable moments from Parkinson's star-studded show

    Tom Jones: Neighbour surprised to find singer in flat below

    Black Country Folk Festival showcases local musicians

    Watch: Australians set new world record with Tina Turner dance

  • Science
  • Health
  • In Pictures
  • Reality Check
  • Have your say
  • More
    • Newsbeat
    • Long Reads

NEWS

No Result
View All Result
Home Business Economy

Trump’s farmer bailout raises fears about trade war winners and losers

October 7, 2025
in Economy
9 min read
243 10
0
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Natalie ShermanBusiness reporter and

Danielle KayeBusiness reporter

Brad Smith Brad Smith, wearing a grey T-shirt and a baseball cap stands on pavement in the sun, in front of a large cylindrical container.Brad Smith

Brad Smith, a farmer who grows soybeans and corn in Illinois, says government aid could help him stay in business

Businesses across the US have been crying out for months about the damage inflicted by sweeping tariffs President Donald Trump imposed earlier this year.

Now one group is poised to get relief: farmers.

President Trump has said his administration is developing plans to send billions of dollars in support to farmers, especially growers of soybeans, who have been hurt as purchases from China – the world’s biggest buyer of the legume – have dried up this year.

The plan is a reprise of the bailout Trump extended to farmers hit by the trade wars of his first term and reflects pressure he is facing from a key part of his voter base over the consequences of his tariff policies.

But the plans have frustrated many other kinds of businesses that have also been hurt, as the new taxes on imports raise costs for firms based in the US and alienate long-time customers overseas.

“It just seems like a blatant political move,” said Justin Turbeest, a craft brewer in Hudson, Wisconsin, who shut his tap room and laid off 20 staff this summer.

He said tariffs were the final blow for his business, prompting costs to jump roughly 40%, as suppliers of everything from aluminium cans and barley to brand merchandise raised prices.

Mr Turbeest acknowledged that offering wider relief would be impractical, given the vast number of businesses affected.

But the 42-year-old said the discrepancy still stung.

“On a personal level, of course it feels unfair,” he said. “The position we’re in now is due not to normal economic factors. It’s political costs.”

Justin Turbeest Justin Turbeest (R), with three other staff of the Hop and Barrel Brewing Company. They are standing behind the bar, with the chalkboard of available beers and the businesses logo in green Justin Turbeest

Justin Turbeest (R) had to lay off staff this summer, though he is hoping his Hop & Barrel brand lives on with a recent franchising deal

‘Picking winners and losers’

Alexis D’Amato, from the Small Business Majority, said her advocacy group was not opposed to relief, especially for small farms, but felt that small businesses should be included.

“We don’t agree with picking winners and losers in this tariff fight,” she said.

The Trump administration has said it is responding to retaliation from China, after Beijing halted purchases of American soybeans earlier this year.

But other industries, like wine and distilled spirits, have seen sharp drops in exports too.

Wine exports are down 30% this year, according to the California Wine Institute, while exports of distilled spirits to Canada have dropped 85% this year, according to the Distilled Spirits Council of the United States.

Canada recently lifted most of the tariffs it had placed on US goods, but American alcohol remains banned from the shelves in several Canadian provinces.

Distilled Spirits Council president Chris Swonger said he understood the need to provide farmers with relief.

But he added: “Our industry should be included in those considerations.”

Scott Breen, president of the Can Manufacturers Institute, said his organisation was pushing the administration to include an exemption from tariffs for tin plate steel – the metal used for food cans – as part of a farmer relief package, warning that otherwise costs of cans will jump, with ripple effects for farmers.

“One of the best, most direct ways to help them is to give this targeted relief,” he said.

But outside of promising a relief package for farmers, and agreeing to exempt big companies promising investments in the US from tariffs, the Trump administration has shown little concern about the risks of its approach to trade.

Asked by NBC News in May about the possibility of relief for small businesses Trump said: “They’re not going to need it.”

And in recent weeks, he has continued to expand the measures, despite polls indicating relatively limited public support.

During Trump’s first term, China and other trade partners explicitly targeted exports from farmers in an effort to raise political pressure on the president.

But subsequent academic analyses found mixed evidence for the strategy.

While some researchers linked China’s moves to losses by Republicans in the 2018 midterms, others found that bailout payments appeared to help shore up support in farming areas.

Brad Smith, a crop farmer in northwest Illinois, said he welcomed the prospect of relief, after China stopped buying US soybeans in May.

That demand drop led to the price of soybeans sinking to around $10 per bushel, not enough for farmers to break even.

Instead of selling at a loss, Mr Smith is filling his grain storage bins, in the hopes of better prices come spring.

“If you’re swimming in red ink, an infusion of cash helps stem the tide,” he said of the bailout.

How much will the farmer bailout help?

Chris Barrett, an economics professor at Cornell University, said farmers had been “clobbered” by the shifts in trade this year.

But he said he still expected the decision to grant farmers relief to stoke debate, given the agricultural community’s overwhelming political support for Trump and other demands on government funds.

He also noted that US farmers, overall, are no longer poorer than the non-farm population. And during Trump’s first term, research showed that the $28bn bailout in payments for farmers flowed disproportionately to the biggest farms.

“Should we be bailing out those who voted for this, especially if they’re already better off than the average American, and if the bailout funds will be concentrated among the wealthiest of this group?” Prof Barrett asked.

Mark Legan A farmer dressed in a t-shirt and baseball cap stands in front of a red tractor harvesting grainMark Legan

Mark Legan, a livestock, corn and soybean farmer in Indiana, says a government bailout to farmers would be a “band-aid” solution

Megan Wyatt is the owner of a toy shop in Granite Bay, California, which gets roughly 80% of its products from China. The tariffs mean her costs are 10-15% higher on average this year.

She has not raised prices to fully offset the new expenses, making her concerned about her ability to retain her six employees.

“I’m not upset that other people are getting bailed out,” she said. “I just wish that none of us were in this situation, and I think that we could very easily not be.”

Even in farm country, the bailout is seen as a mixed bag.

Mark Legan, a livestock corn and soybean farmer in Putnam County, Indiana, called the expected government money a “band-aid” that would not address falling crop prices and rising costs for equipment, land and labour.

“I’m not going to fall on the sword and not take the government money,” he said. “But it’s not going to solve the problem.”



Source link

Tags: bailoutfarmerfearslosersraisestradeTrumpswarWinners

Related Posts

Business Daily – Taking Stock: The cost of heatwaves

August 14, 2026
0

Available for over a yearHow is climate change reshaping the global economy? Rahul Tandon is joined by Carsten Brzeski...

UK economy grows but experts warn of challenging months ahead

August 13, 2026
0

Summer sun and sports fixtures helped the UK economy grow between April and June, according to official data, but...

Burnham warned Iran war could hit UK growth next year

August 12, 2026
0

Andy Burnham has been warned that the UK economy could barely grow next year if disruption in the Strait...

  • Lee McGregor: Scot seeks world title in 2025 & Nathaniel Collins bout

    677 shares
    Share 271 Tweet 169
  • Belgian footballer arrested in cocaine investigation

    533 shares
    Share 213 Tweet 133
  • Next to raise prices to help pay for rising wage costs

    532 shares
    Share 213 Tweet 133
  • South Wales Police officers injured, one arrested

    525 shares
    Share 210 Tweet 131
  • Charities to get £15m fund to save surplus farm food

    516 shares
    Share 206 Tweet 129
  • Trending
  • Comments
  • Latest

Lee McGregor: Scot seeks world title in 2025 & Nathaniel Collins bout

January 16, 2025

Belgian footballer arrested in cocaine investigation

January 27, 2025

Next to raise prices to help pay for rising wage costs

January 7, 2025

World Cup 2022: TikTok brings football fever to millions of fans

0

UK economy will get worse before it gets better, warns chancellor

0

One of Central America’s most active volcanoes erupts again

0

Temporary disposable barbecue ban over wildfire risk

August 15, 2026

Why tech bosses keep sharing their manifestos about AI

August 15, 2026

European Athletics Championships 2026: Keely Hodgkinson takes 800m silver behind Swiss rival Audrey Werro

August 15, 2026

Categories

Politics

Temporary disposable barbecue ban over wildfire risk

August 15, 2026
0

"We have a fire and rescue service across the country that isn't properly set up to deal with these...

Read more

Why tech bosses keep sharing their manifestos about AI

August 15, 2026
News

© 2023 GODJ - NEWS CORP - news.godj.com.

Explore NEWS.GODJ.COM

  • Home
  • News
  • Sports
  • Worklife
  • Travel
  • Reel
  • Future
  • More

Follow Us

  • Home Main
  • Video
  • World
  • Top News
  • Business
  • Sport
  • Tech
  • UK
  • In Pictures
  • Health
  • Reality Check
  • Science
  • Entertainment & Arts
  • Login

© 2023 GODJ - NEWS CORP - news.godj.com.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.