US EditionTrump Plans Aid Package for US Soybean Farmers While Seeking Trade Deal with China
President Trump plans a $10 billion aid package to support U.S. soybean farmers facing losses from China's effective boycott and retaliatory tariffs, officials said.
- 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.
92 Articles
92 Articles
A 90-second crash course in Trump's betrayal of American soy farmers
Tomorrow, Donald Trump is expected to announce a significant aid package for soy farmers hurt by his trade war with China, according to Treasury Secretary Scott Bessent. China is the world’s largest soybean importer and typically buys about half of the US crop—last year, that came to $12.6 billion. This summer, China has purchased zero dollars worth of soybeans from the United States and has no future orders planned. Farmers are struggling. And …
Major ag groups urge Trump to include them in developing aid package
Groups representing U.S. agricultural producers are pressing the Trump administration not to overlook them as it readies a multi-billion-dollar aid package for soybean farmers who have borne the brunt of trade retaliation for U.S. tariffs. A wide swath of national and state groups, including the National Association of Wheat Growers, USA Rice and numerous others, told President Trump in an Oct. 6 letter that they face “enormously challenging mar…
American Soybean Farmers Deserted by China in Trade Standoff
TALLAHATCHIE COUNTY, Miss.—China, traditionally the United States’ largest soybean customer, has taken its business to South America in response to U.S tariffs, and Mississippi farmers say they are bearing the brunt of the move. Soybean farmers in Mississippi and other Midwestern states have found themselves being used by Beijing as a bargaining chip in the U.S.–China trade dispute. For the first time in more than two decades, China has not yet …
The Grand Island Independent
Kearney HubNebraska soybean farmers left with 'no place to go' as China deserts US amid trade war
Nebraska soybean growers have few markets to turn to after China, the top buyer of the state's top export, took its business elsewhere amid President Donald Trump's trade war.
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