
News Link • Agriculture
Trump Plans Up To $14 Billion Farm Bailout Amid China Pivot To Brazil, WSJ Says
• https://www.zerohedge.com, by Tyler DurdenThe Wall Street Journal revealed new details about the potential aid package on Thursday afternoon. People within the administration, or those familiar with the discussions, said Trump is considering a package between $10 billion and $14 billion, though the exact size has yet to be confirmed.
Sources said the aid package would focus on soybean farmers across the Midwest (some of Trump's biggest supporters), who have been hit hardest by both sliding prices and collapsing Chinese demand.
Earlier, Treasury Secretary Scott Bessent told CNBC that the administration could announce a new "substantial support" as soon as next Tuesday. Sources told WSJ that the timeline could be pushed out a little further due to the government shutdown.
On Wednesday, President Trump blasted China on Truth Social for "hurting" American farmers during the negotiation period of a trade deal. He also said soybeans will be a "major topic of discussion" in his upcoming meeting with Chinese President Xi Jinping.
Trump even hinted at the incoming aid package to farmers: "We've made so much money on Tariffs, that we are going to take a small portion of that money, and help our Farmers."
What's been reported so far:
China Pivots To Brazil, Squeezing U.S. Farmers As Trump Plans Relief Fund
Trump, Bessent Hit Back At China's Ag Purchase Pivot, Promise Farm Support Next Week
The key chart that shows China's shift in purchasing from U.S. farmers to Brazil...