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.”