“Yet, net farm income has fallen by 50% since 2013 and the trade war has pushed commodity prices down even further. Many farmers and ranchers are on the verge of financial collapse.”Earlier this month, trade negotiations between the U.S. and China collapsed, prompting tensions to escalate further following more than a year of tit-for-tat tariffs. Less than two weeks ago, the U.S. hit $200 billion worth of Chinese goods with tariffs ranging from 25% to 10%. On Wednesday, Purdue announced that an estimated $20 billion in trade assistance would be given to farmers to help ease their strain, similar to last year’s $12 billion in relief. Throughout Trump’s tenure, Moran has voted in line with the president’s positions roughly 88% of the time, according to FiveThirtyEight.com.

Source: Huffington Post May 20, 2019 23:11 UTC