Trump is bailing out a Chinese owned pork producer to compensate it for retaliatory Chinese tariffs

Boing Boing -

Boing Boing—Smithfield is a Chinese-owned pork producer based in the USA that exports a lot of pork back to China; when Trump touched off a trade-war with China, he committed to compensating US-based companies that faced retaliatory sanctions at the Chinese border. You see where this is going, right? The US government is buying $240,000 worth of pork from Smithfield to compensate it for its lost Chinese sales. Smithfield's Chinese shareholders will get US tax-dollars from Donald J Trump....

Chinese-owned pork producer qualifies for money under Trump’s farm bailout. The Chinese-owned firm could get federal money aimed at counteracting Chinese tariffs.