Although the U.S. Department of Agriculture (USDA) has a range of options under which U.S. farmers could be protected, it is evaluating its options and gauging the market’s reaction.
As per an official from the U.S. Department of Agriculture (USDA), the agency is aiming to shield farmers from the growing trade war skirmishes between the United States and China.
“There’s a lot of different options out there” to protect U.S. farmers, said Bill Northey, Under Secretary to the USDA Farm Production And Conservation on the backdrop of a commodity conference in Kansas.
Northey’s comments comes in the wake of U.S. President Donald Trump ordered officials to come up with ways to slap an additional round of tariffs at China.
So far China has responded to the U.S. salvo by targeting the United States’ most valuable agricultural export to Beijing.
As per Northey, the USDA needs to “see the reaction of what tariffs will be and what the reaction of markets are”.
In terms of concrete measures on ways the U.S. Administration can shield farmers, Northey said although there were no specific proposals, yet, however “there certainly are discussions”.