{"id":4625,"date":"2025-12-09T18:49:09","date_gmt":"2025-12-09T18:49:09","guid":{"rendered":"https:\/\/marketsfortress.com\/index.php\/2025\/12\/09\/trump-announces-12-billion-in-aid-to-farmers\/"},"modified":"2025-12-09T18:49:09","modified_gmt":"2025-12-09T18:49:09","slug":"trump-announces-12-billion-in-aid-to-farmers","status":"publish","type":"post","link":"https:\/\/marketsfortress.com\/index.php\/2025\/12\/09\/trump-announces-12-billion-in-aid-to-farmers\/","title":{"rendered":"Trump announces $12 billion in aid to farmers"},"content":{"rendered":"<p id=\"anchor-5a5510\" class=\"body-graf\">President Donald Trump announced a $12 billion aid package for American farmers Monday.<\/p>\n<p id=\"anchor-f6c442\" class=\"body-graf\">Trump said the money would come from the hundreds of billions of dollars in tariff revenue the U.S. has collected this year.<\/p>\n<div id=\"taboolaReadMoreBelow\"><\/div>\n<p id=\"anchor-82a085\" class=\"body-graf\">&#8220;This relief will provide much-needed certainty to farmers as they get this year&#8217;s harvest to market and look ahead to next year&#8217;s crop,&#8221; he said. <\/p>\n<figure class=\"styles_inlineImage__FvnTh styles_medium__MEKii\" id=\"anchor-3bb1e2\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_fit-760w,f_auto,q_auto:best\/rockcms\/2025-12\/251208-soy-beans-rs-7bfc06.jpg\" alt=\"Looming Tariff Uncertainty Creates Unpredictability For U.S. Soybean Farmers\" height=\"1667\" width=\"2500\"><figcaption class=\"caption styles_caption__TCewG\" data-testid=\"caption\"><span class=\"caption__container\" data-testid=\"caption__container\">An aerial view shows Mark German loading soybeans from grain bins into a truck so they can be hauled to an elevator and sold on August 01, 2025 in Dwight, Illinois.<\/span><span class=\"caption__source\" data-testid=\"caption__source\">Scott Olson \/ Getty Images file<\/span><\/figcaption><\/figure>\n<p id=\"anchor-758380\" class=\"body-graf\">The trade war between China and the United States has shown signs of easing. After months of acrimonious relations, China in recent weeks <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/china-buys-least-14-cargoes-us-soybeans-dec-jan-shipment-traders-say-2025-11-17\/\" target=\"_blank\">has started to <\/a>buy large amounts of soybeans from U.S. farmers. <\/p>\n<p id=\"anchor-460b4d\" class=\"body-graf\">The relief was announced at during an afternoon event at the White House hosted by Trump, Treasury Secretary Scott Bessent and Agriculture Secretary Brooke Rollins before a roundtable discussion with farmers from across the country.<\/p>\n<p id=\"anchor-014bde\" class=\"body-graf\">Rollins said that the money would be paid by Feb. 28 and that farmers would find out by the end of the month how much will be in their checks. <\/p>\n<p id=\"anchor-98e343\" class=\"body-graf\">The president also said the relief could help lower food prices for American families. Trump and his fellow Republicans are scrambling to address Americans&#8217; cost-of-living concerns as inflation persists and tariffs add to costs.<\/p>\n<p id=\"anchor-f8c3b6\" class=\"body-graf\">The aid package will include up to $11 billion in one-time payments under a new program administered by the Agriculture Department. <\/p>\n<p id=\"anchor-4bb7cc\" class=\"body-graf\">Trump also promised to loosen regulations for machinery companies. &#8220;We\u2019re going to take off a lot of the environmental restrictions that they have on machinery,&#8221; he said.<\/p>\n<p id=\"anchor-307883\" class=\"body-graf\">&#8220;It\u2019s ridiculous,\u201d Trump said before adding that the regulations &#8220;don&#8217;t do a damn thing except make it complicated.&#8221; He said he would demand that machinery companies lower their prices as a result.<\/p>\n<p id=\"anchor-d52cce\" class=\"body-graf\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-08\/trump-set-to-unveil-12-billion-aid-for-farmers-hit-by-trade-war?embedded-checkout=true\" target=\"_blank\">Bloomberg News first reported<\/a> details of the announcement Sunday. <\/p>\n<p id=\"anchor-597599\" class=\"body-graf\">In late November, China purchased i<a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/china-buys-least-14-cargoes-us-soybeans-dec-jan-shipment-traders-say-2025-11-17\/\" target=\"_blank\">ts largest tranche<\/a> of U.S. soybeans in two years, Reuters reported.<\/p>\n<figure class=\"styles_inlineImage__FvnTh styles_medium__MEKii\" id=\"anchor-c15631\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_fit-760w,f_auto,q_auto:best\/rockcms\/2025-11\/251125-trump-xi-rs-0847f2.jpg\" alt=\"SKOREA-US-CHINA-DIPLOMACY\" height=\"1667\" width=\"2500\"><figcaption class=\"caption styles_caption__TCewG\" data-testid=\"caption\"><span class=\"caption__container\" data-testid=\"caption__container\">President Donald Trump and Chinese President Xi Jinping in Busan, South Korea, on Oct. 30. <\/span><span class=\"caption__source\" data-testid=\"caption__source\">Andrew Caballero-Reynolds \/ AFP via Getty Images file<\/span><\/figcaption><\/figure>\n<p id=\"anchor-2ddacf\" class=\"body-graf\">While Beijing remains far short of its commitment to buy 12 million tons of soybeans as part of a recent agreement, Bessent said the country&#8217;s purchases are coming along in a &#8220;perfect cadence.&#8221;<\/p>\n<p id=\"anchor-c644de\" class=\"body-graf\">&#8220;China is on track to keep every part of the deal,&#8221; he said at a conference last week <a href=\"https:\/\/www.google.com\/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwjn7oqsoa6RAxWkk4kEHREBGJoQFnoECB8QAQ&amp;url=https%3A%2F%2Fwww.nytimes.com%2F2025%2F12%2F06%2Fbusiness%2Fdealbook%2Fscott-bessent-dealbook.html&amp;usg=AOvVaw3u71PY3rsz-n2YVt9Y-3BR&amp;opi=89978449\" target=\"_blank\">hosted by The New York Times<\/a>. <\/p>\n<p id=\"anchor-71056b\" class=\"body-graf\">On Monday, Trump said he thinks Chinese President Xi Jinping is going to buy &#8220;even more than he promised to do.&#8221;  <\/p>\n<p id=\"anchor-2eb0f5\" class=\"body-graf\">The recent uptick in agricultural purchases from China also comes after the world&#8217;s second-largest economy turned, at least temporarily, to Argentina for its supply of soybeans in lieu of U.S. exports.<\/p>\n<p id=\"anchor-82dd00\" class=\"body-graf\">In October, the Treasury Department announced <a href=\"https:\/\/www.nbcnews.com\/business\/economy\/us-buys-argentine-pesos-finalizes-20-billion-currency-swap-rcna236781\" target=\"_blank\">a $20 billion currency swap agreement <\/a>with Argentina, whose far-right president, Javier Milei, is a high-profile Trump ally. <\/p>\n<p id=\"anchor-3287c9\" class=\"body-graf\">Some perceived the foreign aid announcement as a bailout, which angered American farmers who said they were already being <a href=\"https:\/\/www.nbcnews.com\/business\/economy\/trump-trade-argentina-china-soybeans-rcna235257\" target=\"_blank\">pushed to the breaking point<\/a> by the loss of the Chinese soybean sales. Now, they claimed, Washington was effectively bailing out the competition.<\/p>\n<p id=\"anchor-efd965\" class=\"endmark body-graf\"><a href=\"https:\/\/www.google.com\/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwjP3fvRoa6RAxU3k4kEHTULBpgQFnoECBcQAQ&amp;url=https%3A%2F%2Fwww.reuters.com%2Fworld%2Famericas%2Fus-profited-argentina-currency-swap-deal-treasury-chief-bessent-says-2025-11-11%2F&amp;usg=AOvVaw1S4WsY4eHOjlgV4jkPsEzv&amp;opi=89978449\" target=\"_blank\">Bessent said<\/a> the Treasury Department ended up making a profit on the swaps line. But this was of little comfort to farmers who have been eagerly awaiting promised government aid for months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump announced a $12 billion aid package for American farmers Monday. Trump said the money would come from the hundreds of billions of dollars in tariff revenue the U.S. has collected this year. &#8220;This relief will provide much-needed certainty to farmers as they get this year&#8217;s harvest to market and look ahead to <\/p>\n","protected":false},"author":0,"featured_media":4626,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-4625","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"_links":{"self":[{"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/posts\/4625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/comments?post=4625"}],"version-history":[{"count":0,"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/posts\/4625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/media\/4626"}],"wp:attachment":[{"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/media?parent=4625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/categories?post=4625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/tags?post=4625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}