LINCOLN- U.S. Sen. Pete Ricketts expects President Donald Trump will seek to compensate Nebraska’s farmers if they suffer economic damages due to a brewing trade war over Trump’s tariffs. Trump addressed his trade policy and farmers in his speech before a joint session of Congress on Tuesday, asking farmers to “bear with me again” as he seeks to use tariffs to reset trade relations with nations around the world.

The Nebraska Farm Bureau in 2019 had estimated the tariff dispute had cost Nebraska producers $1 billion. It’s unclear whether aid payments covered all such losses in the end. While Trump has already slapped tariffs on China, Mexico and Canada and says he will roll out more tariffs on countries that have tariffs on U.S. products, Ricketts emphasized it’s not clear which tariffs will ultimately stick and what their impacts will be.

For the full article click HERE