The Trump administration signalled that the trade war with China is likely to last through the summer, as it announced a $16bn aid package for farmers to compensate them for losses due to the escalating tariff feud with Beijing.
The bailout marks the second multibillion-dollar move by the US president to help farmers in as many years, as he tries to contain the damage from retaliatory tariffs imposed by China, which have sharply reduced US exports to the Asian nation.
“While the farmers would rather have trade than aid, if they don’t have trade they need aid — that’s what it is,” Sonny Perdue, US agriculture secretary, said.
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