President Donald Trump has announced a $12 billion bailout to farmers who have become collateral damage in the trade war he started.

Faced with a self-inflicted wound that is hurting agriculture, manufacturers and, not incidentally, his party’s chances in November, President Donald Trump has announced a $12 billion bailout to farmers who have become collateral damage in the trade war he started. It is truly, as one Minnesota soybean farmer put it, “a Band-Aid on an arterial bleed.”

As Trump wages trade war with China, other countries move on with free trade agreements of their own – a move that will hurt the US economy in the long term

President Donald Trump has argued that past trade deals hurt the U.S. economy and should be renegotiated or scrapped in favor of agreements that benefit American workers. But if the U.S. is not at the negotiating table, economists and former U.S. trade officials warn, it risks missing out on substantial economic benefits and the chance to shape international trade rules that American companies will be forced to follow.