President Donald Trump on Monday threatened to impose an additional 5% tariff on Mexico if it doesn't immediately provide additional water to help U.S. farmers, accusing the country of violating a treaty that outlines water sharing between the neighbors. Under the treaty, Mexico must send 1.75 million acre-feet of water to the U.S. from the Rio Grande through a network of interconnected dams and reservoirs every five years. Trump said in a social media post that Mexico "owes" the U.S. 800,000 acre-feet of water due to violations of the treaty over the past five years. He demanded Mexico...
President Donald Trump announced an $11 billion aid package for American farmers, particularly soybean farmers, who have been hit by the trade war and falling crop prices. Tariffs against many countries, particularly China, have caused US soybean exports to plummet because China stopped purchasing American soybeans. China is the largest buyer, typically absorbing about half of US soybean exports. Many farmers are now being pressured by low crop prices and rising production costs. Most of the funds will be distributed through the US Department of Agriculture's new Farmer Bridge Assistance...
President Donald Trump has threatened to impose an additional 5% tariff on imports from Mexico if the country does not immediately release water supplies that the U.S. government says are due under a 1944 treaty. In a social media post, Trump confirmed he has signed a document to implement the tariffs if Mexico does not act quickly. He said the longer the water remains in Mexico, the greater the harm to farmers in the United States, particularly those along the border. The U.S. government says Mexico is still short about 865,000 acre-feet of water required under the treaty. The U.S. needs...