PRESIDENT TRUMP SAYS THE ADMINISTRATION IS PREPARING ANOTHER $15 TO $20 BILLION TRADE AID PACKAGE FOR FARMERS. USDA OFFICIALS SAY THEY DON’T KNOW ALL THE DETAILS YET. HOWEVER, USDA UNDERSECRETARY TED MCKINNEY SAYS THE TRADE MITIGATION WILL BE DELIVERED IN DAYS, NOT WEEKS TO SEND A SIGNAL TO CHINA THE U.S. WILL BE TAKING CARE OF ITS FARMERS DURING THIS TRADE WAR.

MCKINNEY SAYS THEY HOPE THEY DON’T NEED TO USE THE TRADE AID AS THEY ARE STILL OPTIMISTIC ABOUT REACHING A SUCCESSFUL DEAL.

CHIEF AG NEGOTIATOR GREGG DOUD WITH THE U.S. TRADE REPRESENTATIVES OFFICE SAYS THEY ARE STILL MOVING FORWARD TO PREPARE THE NEXT ROUND OF TARIFFS AGAINST CHINA IF WARRANTED.

DOUD SAYS THE PURPOSE OF TARIFFS IS NOT TO HURT CHINA’S ECONOMY, BUT TO CORRECT THE MARKET INEQUITIES THE U.S. HAS HAD WITH CHINA FOR YEARS.