Home news Trump confirms $12bn in assistance for American farmers amid concerns over trade and high prices – live | US supreme court

Trump confirms $12bn in assistance for American farmers amid concerns over trade and high prices – live | US supreme court

by wellnessfitpro

Trump confirms $12bn in assistance for American farmers

At his roundtable in the White House’ cabinet room, Donald Trump announced $12bn in assistance for American farmers. “We love our farmers,” the president said. “They’re the backbone of our country.”

Trump also noted that China had committed to buying $40bn in American soybeans. “I asked president Xi if he could even up it, and I think he’ll do that,” the president added.

The package comes as farmers – some of Trump’s most loyal supporters – have expressed frustration at the rising costs associated with the president’s sweeping tariffs, and the repercussions of escalating trade tensions with China.

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Shrai Popat

Shrai Popat

I’ve been speaking with Carl Tobias, a professor at the University of Richmond School of Law, about today’s supreme court arguments. He notes that while the court may side with the administration in Slaughter’s case, they “might not do that in a sweeping way, and take each independent agency as it comes to them”.

Tobias added that the justices seemed to acknowledge that the Federal Reserve “deserves unique treatment”, which is relevant in the case of governor Lisa Cook – who the president sought to fire this year. The supreme court said that Cook could remain on the Fed board while they prepare to hear her case in January.

Slaughter’s removal, and today’s arguments, ultimately “undermines” Congress as a co-equal branch of government, according to Tobias. “I don’t think we’re having a wholesale end of the modern administrative state, but each one of these is hopefully going to be taken up on its own merits,” he added.

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