US Weighs Farmer Bailout as China Retaliation Threatens Exports
China announced plans to increase tariffs on all American goods to 84% after President Donald Trump raised duties on Chinese imports to 104%. During a smaller trade fight with Beijing during Trump's first term, his administration used the Commodity Credit Corporation to offer $28 billion to bail out US farmers. The government-owned and operated entity was created to boost farm income and prices.
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Zeekr Boosts Margins, Slashes Losses As New Models Power Sales
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