# How Trump’s tariffs finance farmer bailouts

> Rick Newman argues that the new Trump tariffs raise customs revenue, with about $50 billion collected in the first nine months of fiscal 2019, and that part of that revenue funds farmer bailouts. He warns that proposed September tariffs on Chinese goods could add roughly $60 billion a year.

- Date: 2019-08-12 · published 2019-08-12T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/57601-how-trump-s-tariffs-finance-farmer-bailouts
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tariff escalation and the threat of further duties on Chinese imports reduce U.S. export competitiveness for feed grains and oilseeds, which weighs on domestic prices. The article is opinion on fiscal and economic tradeoffs.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-04-10 | [Trump, tariffs and farmers : NPR](https://feedsoft.ai/events/25114-trump-tariffs-and-farmers-npr.md) | +2.6% | +2.4% |
| SOY | 2024-06-07 | [Will more Trump tariffs hurt or help U.S. farmers?](https://feedsoft.ai/events/29760-will-more-trump-tariffs-hurt-or-help-u-s-farmers.md) | -0.9% | -2.1% |
| SOY | 2019-03-06 | [Mexican farmers urge 'mirror' tariffs on Trump's rural base](https://feedsoft.ai/events/60064-mexican-farmers-urge-mirror-tariffs-on-trump-s-rural-base.md) | -1.8% | -0.1% |
| SOY | 2019-02-22 | [USDA has paid out $7.7 billion to help farmers hit by Trump's tariffs](https://feedsoft.ai/events/60597-usda-has-paid-out-7-7-billion-to-help-farmers-hit-by-trump-s-tariffs.md) | -1.5% | -0.1% |
| SOY | 2018-09-18 | [Trump’s tariffs rattle Korea a bit](https://feedsoft.ai/events/63293-trump-s-tariffs-rattle-korea-a-bit.md) | +2.1% | +8.3% |
| CORN | 2025-04-10 | [Trump, tariffs and farmers : NPR](https://feedsoft.ai/events/25114-trump-tariffs-and-farmers-npr.md) | +3.1% | -3.3% |
| CORN | 2024-06-07 | [Will more Trump tariffs hurt or help U.S. farmers?](https://feedsoft.ai/events/29760-will-more-trump-tariffs-hurt-or-help-u-s-farmers.md) | +5.6% | -4.9% |
| CORN | 2019-03-06 | [Mexican farmers urge 'mirror' tariffs on Trump's rural base](https://feedsoft.ai/events/60064-mexican-farmers-urge-mirror-tariffs-on-trump-s-rural-base.md) | -1.7% | -1.5% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/how-trumps-tariffs-finance-farmer-bailouts-124821069.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.