Government of the People’s Republic of China

Money Moves

As of May 2026: Primary retaliatory actor in tariff disputes impacting U.S. agriculture

Since 2018, U.S. farmers have been caught in Trump-era tariff battles—first the U.S.–China trade war, now tariffs on China, Canada, Mexico, and others. To counter lost exports and depressed prices, the Trump administrations funded large farm aid through the Agriculture Department's Commodity Credit Corporation: $12 billion in 2018, $16 billion in 2019.

Updated May 10