Mnuchin: ‘We Will Protect Our Farmers’

May 2, 2018 02:14 PM
 
Amid heightened trade tension with China, U.S. Treasury Secretary Steven Mnuchin said the Trump Administration will protect soybean and pork farmers from bearing the brunt of the trade dispute.

Amid heightened trade tension with China, U.S. Treasury Secretary Steven Mnuchin said the Trump Administration will protect soybean and pork farmers from bearing the brunt of the trade dispute.

“If China unfairly targets our agricultural community or other areas we will defend our interests,” he told CNN’s Cristina Alesci. “We will protect our farmers, we will make sure they are not unfairly hurt in these trade disputes.”

A few weeks ago Agriculture Secretary Sonny Perdue said the Administration understands the risk farmers have during trade wars. According to Pro Farmer’s Jim Wiesmeyer, if the trade war escalates with China, the administration could use the Commodity Credit Corporation to provide farmers emergency payments to keep them afloat. Mnuchin says China’s threats directed at farmers won’t stop the President from seeking a “fair” trade balance with China.

“We have mechanisms of protecting our farmers and we will use them,” he told Alesci. “We’re not going to be threatened by actions, against farmers or anything else, that are purely political.”

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Comments

 
Spell Check

Zagnut
Eastern, NE
5/2/2018 04:51 PM
 

  What about sorghum farmers? They're already taking it in the shorts with three loads of sorghum being turned around because of the 178%+ tariff the Chinese imposed as anit-dumping measures for US tariffs on solar panels and washing machines! Arrrrrrgh!!!!!

 
 
Brad
Plains, GA
5/2/2018 09:30 PM
 

  It will be gov t payments I’m sure. If we can get help during this trade war then why not take it. I wouldn’t worry about the payments affecting the national debt. Would be pennies campared to everything else. I would be worried about the U.S. not being able to produce it s own food

 
 
Edgar King
Schuylerville, NY
5/3/2018 12:33 PM
 

  From his public statements, it’s apparent that Sec. Purdue understands the marketing challenges US farmers face as they seek access to international markets which are critical to their economic being. Obviously he’s placed in the proverbial box when our President applies tariffs to goods needed by multiple segments of our economy. Frankly, following that policy will end in a fiasco. Unfortunately Sec. Mnuchin seems to be championing “The Fiasco”. While he gives lip service to the economic threat our farmers face, his promises to be mindful of US Agriculture’s needs, to date they’re essentially hollow. Until the President stops attempting to manipulate international markets as though he was he was sitting at a gaming table in one of his casinos, farm product access those much needed markets are critically threatened. Sec. Mnuchin must square his shoulders and convince the President that this policy is totally disastrous. The Administration should not take farmers as naive. We need Mnuchin to apply every bit of the expertise we presume he has to change the direction of the Administration’s flawed international marketing polici. After all, why would one accept an appointment to such a prestigious position only to prostitute themselves to such disaster?

 
 
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