(FASTNEWS|COLOMBO) – The Trump administration has unveiled a $12bn (£9.1bn) plan aimed at helping US farmers hurt by the intensifying trade war.
The aid is intended to protect the industry as countries raise taxes on US products such as soybeans in response to the president’s new tariffs.
The US plans to provide subsidies to farmers and buy unsold crops, among other measures.
Tariffs have irked farmers, a crucial voting bloc for President Donald Trump.
Mr Trump has said his tariffs – which he described on Tuesday in a tweet as “the greatest” – are intended to pressure countries to change their policies toward US exports.
In a speech on Tuesday, he said farmers would be the “biggest beneficiary” of the disputes after countries strike new trade deals.
