Trump considers Depression-era credit program to aid farmers hurt by trade dispute
President Donald Trump is reportedly considering a 1933 program to aid American farmers caught in the middle of a trade dispute between Trump and China, the Washington Post reports. The Trump administration is reviewing the Commodity Credit Corporation, a division of the agriculture department, as a financial bailout for farmers threatened by China’s proposed tariffs on agricultural products, including soybeans. Some GOP lawmakers, including Sen. Joni Ernst, R-Iowa, are warning the White House that the strategy would not maintain high levels of production for U.S. farmers. “Farmers want to be productive,” Ernst said. “They want their goods and commodities going to new and developing markets.” China proposed new tariffs on U.S. agricultural products in retaliation after Trump announced plans to impose tariffs on steel and aluminum imports from China and Japan.