17:45 GMT +310 December 2019
Listen Live
    Corn and soybean farmer Don Swanson prepares to harvest his corn crop as he and other Iowa farmers struggle with the effects of weather and ongoing tariffs resulting from the trade war between the United States and China that continue to effect agricultural business in Eldon, Iowa U.S. October 4, 2019.

    Trump Welcomes 'Cash' Payout to US Farmers Before Thanksgiving Day

    Get short URL

    It comes after the US Agriculture Department announced on Friday that it would begin a second round of trade payments this week.

    US President Donald Trump has announced that American farmers will receive another cash payment before Thanksgiving Day. 

    The payments will be made by the US government. On Friday, the country's Agriculture Department said that the second round of trade payments would begin this week. These payments are part of a $16bln aid package announced in May to compensate US farmers for the consequences of the tariff war with China. 

    According to a statement released by Agriculture Secretary Sonny Perdue earlier this week, sign-ups for the payments will run through 6 December. The third tranche is expected to be made in January 2020, the statement said.

    Washington and Beijing have been involved in negotiations to agree on a phase one trade pact to end tariff-related tensions. The 'phase one' interim trade deal was announced by Trump last month following high-level US-Chinese talks in the US.  

    tariffs, US import tariffs, trade, China, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik