"President Donald Trump on Monday announced $12 billion in economic assistance for American farmers who have been grappling with dwindling foreign sales this year, following the rollout of his tariff plan. The president, in a televised roundtable announcement from the White House, said he wanted to help farmers because he loves them. And as you know, the farmers like me, Trump said, based on voting trends."
"The New York Times reported China had failed to meet certain purchase commitments in recent years, after making a $200 billion agriculture deal with Trump during his first term. The report added: China curbed purchases of U.S. farm products even more significantly this year. But following a trade truce in late October, China agreed to buy 12 million metric tons of soybeans from the United States this year and at least 25 million metric tons of soybeans in each of the next three years."
President Donald Trump announced $12 billion in economic assistance for American farmers facing reduced foreign sales after his tariff rollout. The funds will target cotton, corn, soybeans, rice, wheat, potatoes, and cattle producers and will be distributed through the Agriculture Department's Farmer Bridge Assistance Program. China sharply curtailed purchases of U.S. farm products earlier this year in retaliation to tariffs, though a late-October trade truce included commitments to buy significant soybean volumes over the next three years. Trump defended tariffs as revenue-generating, criticized Joe Biden's policies, and appeared with Treasury and Agriculture officials and farm representatives.
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