Chinese-owned company qualifies for Trump’s anti-China farm bailout

From the Washington Post

A Chinese-owned pork producer is eligible for federal payments under President Trump’s $12 billion farm bailout, a program that was established to help U.S. farmers hurt by Trump’s trade war with China.

Smithfield Foods, a Virginia-based pork producer acquired in 2013 by a Chinese conglomerate now named WH Group, can apply for federal money under the bailout program created this summer, said Agriculture Department spokesman Carl E. Purvis.

JBS, a subsidiary of a Brazilian company by the same name, is also eligible to apply for the federal money. The two companies are the biggest pork producers in the United States, according to the National Pork Board, a quasi-government agency.

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From Alternet

rade wars are a lot harder to win than Trump promised.

Donald Trump’s plan to defeat China on trade is a complete disaster. His tariffs against China have devastated the agricultural sector, killing jobs in parts of the country that voted for him, and forcing him to implement a billion-dollar bailout of American farms.

But nothing better underscores Trump’s incompetence than a new report in the Washington Post, detailing an embarrassing oversight in the eligibility for that bailout program

Read More From Alternet

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