Summary
President Donald Trump has announced a $12 billion aid plan to help U.S. farmers affected by trade issues with China. This aid is designed to support farmers dealing with increased costs and reduced markets due to tariffs on Chinese goods. The plan includes financial assistance mainly for soybean and sorghum farmers, who have been hit hardest by these trade tensions.
Key Facts
- President Trump announced a $12 billion farm aid package.
- The aid aims to help farmers affected by tariffs on Chinese goods.
- Most of the $12 billion will go to soybean and sorghum farmers.
- These farmers rely heavily on exports to China, which have decreased.
- The remaining funds will go to farmers growing other crops.
- The aid is intended to stabilize farmers as they plan for the next season.
- China has not yet met its promised purchase levels of U.S. soybeans.
- President Trump has previously used farm aid programs to support farmers.
