(The Washington Times)
President Trump on Thursday unveiled a $16 billion bailout for farmers hurt by his trade war with Beijing, signaling a protracted fight ahead that is already prompting some American companies to shift business away from China.
Mr. Trump, flanked by farmers and ranchers in cowboy hats during remarks at the White House, said China had “taken advantage” of the United States for far too long and vowed to protect an industry that has been “used as a vehicle” by Beijing to hurt America’s economy.
“Farmers have been attacked by China,” Mr. Trump said, adding that if the United States is in a trade war, “we’re winning it big.”
Global markets tumbled on Thursday as investors began coming to terms with the idea that Mr. Trump’s trade war is here to stay. Read more