On August 23, 2019, the People’s Republic of China’s Ministry of Finance (MOF), State Council Tariff Commission (SCTC) announced new tariffs on certain U.S. products, valued at $75 billion USD.
The Cabinet agreed to allocate a budget of 60.36 billion baht (U.S. $1.98 billion) for three agricultural price subsidy programs for small rice and oil palm farmers.