Using tariffs to help farmers ... harmed by tariffs
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 8 October 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
When President Donald Trump slapped tariffs on Chinese goods earlier this year, China ceased crop purchases from U.S. farmers. That hurt American agriculture, so the government hopes to help those farmers out with aid using tariff revenue. Trump did this during his last trade war. Today, we'll outline how it all played out. Plus, the price of gold keeps climbing, and we check in with a tea shop owner about how tariffs are affecting business.
Transcript
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| 1:01.6 | Using tariffs to help farmers harmed by tariffs. |
| 1:07.4 | From Marketplace, I'm Subri Beneshore, in for David Brancacchu. When President Trump slapped tariffs on Chinese goods earlier this year, China just stopped buying crops from the U.S. farmers, just shut those purchases down. That obviously hurt U.S. agriculture. And so the plan was for the government to help those farmers out with aid from the revenue raised by the tariffs. |
| 1:31.1 | That plan has been delayed because of the government shutdown. |
| 1:35.1 | But we have been to this rodeo before. |
| 1:38.3 | Marketplaces Savannah Peters has more on how this all went down during the last trade war during President Trump's first term. |
| 1:45.8 | The first Trump administration's farm relief package paid out more than $20 billion, |
| 1:51.6 | mostly to soybean and other commodity crop farmers. Some analyses found that amount more than |
| 1:58.0 | covered their trade war losses. The levels of funding were unprecedented at the time. |
| 2:04.0 | Joe Glauber is with the International Food Policy Research Institute |
| 2:07.6 | and also served as chief economist in the USDA from 2008 to 2014. |
| 2:13.7 | He says that short-term relief didn't make up for the trade relations that were lost, maybe permanently, while U.S. ag exporters were sidelined and other countries stepped in. |
| 2:24.5 | Brazil has increased production a lot since the 2018-2019 trade war. |
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