US EditionTrump Plans Aid Package for US Soybean Farmers While Seeking Trade Deal with China
The planned $10 billion aid aims to offset losses from China's boycott, which halted purchases of nearly 45% of U.S. soybean exports, causing severe financial strain on farmers.
- President Donald Trump is proposing a new aid package for U.S. soybean farmers while seeking a trade agreement with China.
- The proposed aid package aims to provide U.S. soybean producers with direct federal payments to offset losses from reduced Chinese demand, without the use of additional tariffs.
- Chinese state media has expressed a desire for a balanced trade relationship but has been cautious in increasing soybean purchases due to concerns about price and supply chain issues.
- A senior aide to Trump stated that the assistance is intended to help farmers stay afloat during negotiations and may serve as a bargaining chip in talks with Beijing.
122 Articles
122 Articles
'Farmers have become a pawn in the political war': Soybean farmers react to China's boycott
FORT WAYNE, Ind. (WANE) — Harvest season is underway for Indiana soybean farmers. But so far, the biggest buyer of U.S. soybeans, China has not placed a single order for the upcoming year. The ongoing trade war with China is leaving local farmers with little options aside from a bailout from the federal government. WANE 15 spoke to local soybean farmers at Wyss Farms and Warpup Farms in northeast Indiana. According to husband and wife, Pat and A…
Punitive Chinese tariffs that cause painful retaliation. U.S. farmers on the verge of bankruptcy. A multimillion dollar bailout to keep farmers afloat. It’s 2018 again, as the Trump administration prepares to address the same political crisis it faced seven years ago when President Trump, who imposed heavy tariffs on Chinese imports, had to protect the U.S. agricultural industry from the consequences of its trade war. Mr. Trump has again imposed…
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