This bill creates a new Treasury fund called the Tariff Response And Damages to Exports (TRADE) Fund. Money from U.S. tariffs on imported farm and food products can be placed in this fund. The U.S. Department of Agriculture can use the money to make direct payments to farmers and ranchers hurt by trade problems—like lost exports, foreign tariffs or other barriers, or higher costs for feed, fertilizer, and other supplies. After any year when payments go out, the Department must send Congress a report on the money collected, the trade impacts on producers, and the help provided.

The program ends on September 30, 2030, and any money left in the fund on that date is canceled.

Key points

• Who is affected: Agricultural producers (farmers and ranchers) dealing with trade-related losses.
• What changes: A new TRADE Fund; tariff revenue from imported farm and food goods can be used for direct payments; yearly reporting to Congress after payments.
• When: The authority ends September 30, 2030; leftover funds are rescinded at that time.