President Trump’s farmer bailout was blasted on the Senate floor Wednesday by Minority Leader Charles Schumer. The U-S-D-A plans to borrow 12 billion dollars from the Treasury to subsidize producers affected by Trump’s trade war with China. Schumer said a bailout will only make things worse.
Schumer accused the Trump administration of picking winners and losers in the market.
Schumer also renewed his call for the U.S. Department of Commerce to reverse course on duties that have driven up the cost of raw paper materials used in the production of newspapers.