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GOP senator on Trump tariffs: He is making America '1929 again'

GOP senator on Trump tariffs: He is making America '1929 again'
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Sen. Ben SasseBen Sasse15 Senate Republicans pledge to oppose lifting earmark ban Toomey warns GOP colleagues to stay away from earmarks Bipartisan lawmakers signal support for Biden cybersecurity picks MORE (R-Neb.) blasted President TrumpDonald TrumpHouse votes to condemn Chinese government over Hong Kong Former Vice President Walter Mondale dies at age 93 White House readies for Chauvin verdict MORE's reported plan to provide billions of dollars in emergency aid to U.S. farmers grappling with hefty retaliatory tariffs on their products, warning that the Trump administration was "going to make it 1929 again."

Sasse's remark was a reference to the year that the Great Depression hit the U.S. and spread across the world as countries sought to safeguard their economies with protectionist trade policies and tariffs. 

The Nebraska senator slammed the trade war being waged by the Trump administration, saying that it is "cutting the legs out from under farmers" and that the White House is now poised to "spend $12 billion on gold crutches."

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"America’s farmers don’t want to be paid to lose – they want to win by feeding the world," Sasse said in a statement. "This administration’s tariffs and bailouts aren’t going to make America great again, they’re just going to make it 1929 again."

Farmers have been caught in the crosshairs of an escalating global trade war. Agriculture groups and lawmakers from farm states have been calling on the administration to stop imposing the tariffs because their products are being targeted for retaliatory tariffs by top U.S. trading partners.

Reports surfaced on Tuesday that the Agriculture Department was preparing a plan to send as much as $12 billion in federal aid to farmers amid growing concerns over the trade war.