Vox: Trump’s bailout for farmers hit by trade war will also benefit Chinese companies
For the past several months, President Donald Trump has been waging a costly trade war with China, which has had no shortage of ill effects on US farmers.
The president decided to use millions of American taxpayer dollars to bail them out — but that money may also end up helping Chinese-owned and foreign-owned agriculture companies operating in the US.
The US Department of Agriculture told the Washington Post this week that a Chinese-owned pork producer that operates in the United States, Smithfield Foods, qualifies for a government bailout check, and so does a Brazilian-owned pork producer called JBS. Both corporations are the two largest pork producers in the country.
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