Economics
Trump’s $16 Billion Farm Bailout Criticized at WTO
- Countries say U.S. farm subsidies could violate WTO rules
- U.S. program seeks to help farmers affected by trade wars
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The European Union joined China and five other World Trade Organization members in criticizing the Trump administration’s $16 billion assistance program for U.S. farmers, indicating the bailout may violate international rules.
The U.S. Department of Agriculture’s latest farmer assistance program could exceed America’s WTO subsidy commitments and unduly influence U.S. planting decisions, according to a document published on the WTO website June 17.