By Karl Plume and P.J. Huffstutter
ARLINGTON, Virginia/CHICAGO, Feb 20 (Reuters) – As the U.S. Department of Agriculture prepares to dole out $12 billion in government subsidies next week, officials and economists at the agency’s annual forum near Washington defended the assistance as a necessary measure to prevent more farmers from financial ruin.
The two-day meeting this week in Arlington, Virginia, focused on a challenging farm economy that could see further headwinds after the U.S. Supreme Court on Friday struck down Donald Trump’s sweeping tariffs that he pursued under a law meant for use in national emergencies. The ruling handed a stinging defeat to the Republican president, with major implications for the global economy and potential ripple effects on the U.S. farm sector.
WHAT USDA IS DOING
(Reporting by Karl Plume in Arlington, Virginia, and P.J. Huffstutter in Chicago. Editing by Emily Schmall and Diane Craft)
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