The trade wars initiated by the Trump Administration in 2018 had an adverse effect on US agriculture. Countertariffs imposed by US trading partners had significant effects on US commodity exports, particularly soybeans, and lowered crop and livestock receipts. To shore up political support from farmers, the Trump administration authorized an estimated total of $28 billion to farmers and ranchers in compensation for export losses. While those payments will help the sector in the short term, the aid payments could well prolong problems for the sector beyond 2020 by exacerbating trade tensions and precipitating future WTO disputes.
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出版者
Agricultural and Applied Economics Association
其它主题
United states
语言
英语
许可
Limited Access, Copyrighted; all rights reserved
类型
Journal Article; Journal Part
来源
Glauber, Joseph W. 2021. US trade aid payments and the WTO. Applied Economic Perspectives and 43(2): 586-603. https://doi.org/10.1002/aepp.13109
2024-12-20
2026-02-03
MODS