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1 1 (May 31, 2019)

handle is hein.crs/govzxc0001 and id is 1 raw text is: Congressional _____ £* esearch Service ~hformrng the Iegista tive debate since 1914 New Round of Farm Trade Aid Proposed by Administration for 2019 May 31, 2019 On May 23, 2019, the U.S. Department of Agriculture (USDA) announced that it will take several actions in 2019 to assist farmers in response to continued economic damage from trade retaliation and trade disruption in international agricultural markets. These actions are to include a new trade aid package for the U.S. farm sector valued at up to $16 billion. Building on the 2018 Trade Aid Package USDA implemented a similar trade aid package in 2018, also in response to trade retaliation against U.S. agricultural products. Secretary of Agriculture Sonny Perdue used authority under the Commodity Credit Corporation (CCC) Charter Act (15 U.S.C. §714c) to authorize up to $12 billion in financial assistance for certain agricultural commodities. In September 2018 Secretary Perdue stated that 2018 trade aid was a one-time program and that nothing similar would be implemented in 2019 unless Congress took the initiative to authorize such a package. Instead of future trade aid, the Administration stated that it would negotiate a trade agreement with China with expanded access to China's market for U.S. agricultural products. However, the Administration and China have been unable to resolve differences in their ongoing trade dispute, leading to the announcement of a second U.S. farm trade aid package for 2019. 2018 Trade Disputes Spill into 2019 The ongoing trade dispute originated in early 2018 with U.S. tariffs imposed on steel and aluminum imports from certain countries and a reaction from those countries. By May 2018, the largest dispute focused on a disagreement between the United States and China following the imposition of U.S. tariffs on $50 billion of Chinese goods imported by the United States. China retaliated with higher tariffs on several U.S. agricultural products, and the dispute has since escalated. Trade retaliation-in this case, in the form of higher tariffs-can raise costs along the producer-to- consumer supply chain and disrupt normal marketing patterns by forcing commodities to find new markets. This trade retaliation has impacted several U.S. commodities. Congressional Research Service https://crsreports.congress.gov IN11126 CRS INSIGHT Prepared for Members and Committees of Congress

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