To establish a Tariff Response and Damages to Exports fund, and for other purposes.

Key Points

• This bill creates a new program called the TRADE Fund to help American farmers who lose money because of international trade disputes. It aims to protect people who grow crops or raise livestock from financial hits they cannot control.
• The money for this fund would come from taxes the U.S. collects on food and agricultural products imported from other countries. Instead of that money going into the general government budget, it would be set aside specifically for farmer relief.
• Farmers could receive payments if they lose access to foreign markets, face new trade barriers, or see their costs go up because of trade issues. This includes help if it becomes more expensive to buy the tools and supplies needed to run a farm.
• The Secretary of Agriculture would decide which farmers qualify for the help. They would also have to send a report to Congress every year explaining how much money was collected and exactly how it was given out to producers.
• This program is designed to be temporary and would end in September 2030. Any money left in the fund at that time would be returned to the general Treasury.

Impact Analysis

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