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The U.S. Agriculture Department secretary Sonny Perdue crossed the wires in the last hour announcing a $12 billion program to assist American farmers hurt by the Trump administration’s tariffs.

Key quotes (via Reuters)

  • Programs in line with $11 billion of harm caused by tariffs.
  • Package includes direct payment program, food purchase program, trade promotion program.
  • Programs already authorized under commodity Credit Corp  Act, does not require congressional approval.
  • Aid package is short-term solution.
  • This a one-time program.