Trump Bailout Fixes Damage Trump Caused, Calls It 'Good Deal'
According to The Independent, former President Trump is set to unveil a new farm bailout. This isn't just any government handout; it's a direct consequence of his previous tariff policies that led China, a major American agricultural buyer, to halt purchases. In 2018, Trump's trade war saw China impose 25% tariffs on U.S. soybeans, pork, and corn, slashing demand and gutting American farm incomes.
The previous administration, in a move of exquisite circular logic, then created bailout programs from 2018-2020 totaling over $28 billion to compensate farmers for those self-inflicted wounds. Now, Trump plans to repeat the trick, likely selling it as shrewd deal-making. One might wonder if the next bailout will also be hailed as a victory, proving that crashing an industry only to subsidize it
is somehow fiscally responsible. It's a closed-loop system of economic nationalism, costing taxpayers billions to fix problems that never had to exist.