There have been calls for years that the American system of agricultural subsidies, largely to huge agribusinesses, needs significant reform. The American system, coupled with the EU's Common Agricultural Policy (CAP), has led to the problems that now exist in extending any free trade discussions any further. The American system in worth in excess of 15 billion USD annually.
Perhaps there is the political will to deal with it in Congress now. But that will all change once the vested interests get to arm twisting and bribing (aka doling out contributions) and pointing out how all the other subsidies, save the one that benefits them, are anti-competitive.
Perhaps there is the political will to deal with it in Congress now. But that will all change once the vested interests get to arm twisting and bribing (aka doling out contributions) and pointing out how all the other subsidies, save the one that benefits them, are anti-competitive.
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