newsweek
A bailout for the industries affected by President Donald Trump’s trade war would total $39 billion, the U.S. Chamber of Commerce warned Monday morning.
Trump appropriated $12 billion to bail out American farmers reeling from escalating tariffs last week. Now the Chamber of Commerce, which opposes changes to the global tariff system, worries that these measures may be extended to other sectors of the economy.
In a statement, Neil Bradley, the chamber’s executive vice president and chief policy officer, warned that the farmer aid package could send the U.S. down "a slippery—and costly—slope."
“While America's agricultural industry has been hit extremely hard by escalating tariffs, it's not alone,” wrote Bradley. "Thousands of U.S. companies—including manufacturers, input suppliers, fisherman, and businesses from numerous other industries—are finding it more difficult to sell American made products abroad amid the growing trade war."
Sure. Let's not subsidize the farmers. Let's not subsidize the inner city; or Torah communities, too, while we're at it: let's cut out SNAP.
ReplyDeletehttps://www.google.com/amp/s/www.judicialwatch.org/blog/2016/10/food-stamp-craze-u-s-spends-3-6-billion-give-70-billion-benefits/amp/