Trump to unleash $12B farm rescue as China trade reset hits US growers
President Donald Trump is poised to roll out a $12 billion farm aid package to support farmers, according to the White House. The aid package will provide up to $11...
By Fox News · Fox News
President Donald Trump is poised to roll out a $12 billion farm aid package to support farmers, according to the White House. The aid package will provide up to $11 billion toward the U.S. Department of Agriculture’s (USDA) new Farmer Bridge Assistance Program, which is designed to provide single payments to row crop farmers, while the remaining $1 billion will go to farmers whose crops do not qualify for the program. Further details will be hashed out as the USDA continues to evaluate market conditions, according to the White House. The president is expected to unveil the new aid package at a Monday roundtable at the White House. Those expected to appear at the event include Treasury Secretary Scott Bessent , Secretary of Agriculture Brooke Rollins, as well as corn, soybean, rice and other types of farmers. The announcement comes as the U.S. and China have gone head-to-head on trade negotiations in 2025, and after China reigned in its soybean purchases from the U.S. amid ongoing tariff negotiations between Beijing and Washington, D.C. TRUMP TOUTS ‘12 OUT OF 10’ MEETING WITH XI, DOWNPLAYS REPORTS OF VENEZUELA STRIKES However, Trump and Chinese President Xi Jinping met in South Korea in October, where the two hashed out a series of agreements concerning trade. Specifically, Trump said he agreed to cut tariffs on Chinese imports by 10% — reducing the rate from 57% to 47% — because China said it would cooperate with the U.S. on addressing the U.S. fentanyl crisis. Since those talks, China has started to boost its purchases of soybeans again. China purchased at least 840,000 metric tons of soybeans for delivery in December and January, Reuters reported in November. That purchase marked the largest shipment since at least January, Reuters reported. Meanwhile, Bessent said that China so far is upholding its end of the bargain on the trade deal, including provisions to buy 12 million tons of soybeans by the end of February 2026. WHITE HOUSE RIPS 'IMBECILIC BUFFOON' TIM WA…