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Chinese-Owned Pork Firm Pulls Out Of Trump Farm Bailout Amid Backlash

"The Agriculture Department has canceled a contract that would have awarded federal bailout money to a Chinese-owned pork producer after the company asked for the contract to be terminated amid a political backlash.

Smithfield Foods, which was acquired by the Chinese conglomerate WH Group, had been awarded $240,000 in pork payments under the bailout program set up to help farmers weather the White House’s trade war with China. Smithfield Foods asked that the contract be ended, and the Agriculture Department has agreed, the agency said through a spokeswoman.

“Smithfield requested to terminate their contract awarded under the Food Purchase and Distribution Program. USDA has agreed to the termination,” the agency said in an email."

Jeff Stein reports for the Washington Post November 16, 2018.

Source: Washington Post, 11/20/2018