USDA DETAILS TRADE DAMAGE ESTIMATE CALCULATIONS

U.S. Secretary of Agriculture Sonny Perdue Friday announced that the USDA Office of the Chief Economist has published a detailed accounting of how estimated damage from trade disruptions was calculated for its support package for farmers announced on July 25. An estimate of gross trade damages for commodities assessed retaliatory tariffs by China, India, the European Union, and Turkey to set commodity payment rates and purchase levels. (USDA)