Trump plans aid package for US soybean farmers while seeking trade deal with China
Source: AP
Updated 7:00 AM EDT, October 5, 2025
WASHINGTON (AP) President Donald Trump is planning a significant aid package to U.S. soybean farmers to help them survive Chinas boycott of American beans in response to his trade war even as the president says he is still seeking a soybean deal with Beijing.
But farmers are worried that time is quickly running out to reach a deal in time to sell any of this years crop to their biggest customer.
Treasury Secretary Scott Bessent on Thursday said on CNBC that the public could expect news of substantial support for our farmers, especially the soybean farmers as soon as Tuesday.
Details of the aid package are unknown, but it would come as the worlds two largest economies have been unable to reach a trade deal and China has halted purchases of U.S. beans. China, the biggest foreign buyer of American soybeans for many years, last bought American beans in May and has not bought any for this harvest season, which began in September.
Read more: https://apnews.com/article/trump-china-soybean-farmers-trade-war-aid-1a848735ba89c2673d44489eea5a0e35

LyfeTimeDem
(252 posts)Business man
livetohike
(23,741 posts)a dumb ass and he listens to no one. So sick of the word deal.
LakeVermilion
(1,427 posts)then crows about solving it. And the MAGA's lick it up, cause it "owns the libs."
yourout
(8,610 posts)William Seger
(11,875 posts)Nobody knows what this Dunning-Kruger basket case will do next.
bluestarone
(20,463 posts)What a no good stupid bastard!!!
underpants
(193,440 posts)So because of Trumps tariffs, China stopped buying soybeans from US Ag but are buying from Argentina after it suspended its export tax AND we are bailing Argentina with $20B to keep Milei afloat until his elections in 3 weeks which his coalition will probably still lose anyway because his slash and burn cuts have failed so horribly.
Yes, that was one sentence.
So we are planning on bailing out our farmers (Big Ag really) while also bailing out Argentina thats being used as a tool against us
talk about trading away the family cow 🙄
https://www.nbcnews.com/business/economy/trump-trade-argentina-china-soybeans-rcna235257
https://foreignpolicy.com/2025/10/02/argentina-trump-bailout-swap-line-milei-economy/
bluestarone
(20,463 posts)Like chain reaction problems!! He has no idea, EXCEPT maybe, just maybe his biggest goal is complete destruction of America!! (that i really believe is his goal)
underpants
(193,440 posts)and if one person can get in his ear with what some idea they had then he makes an announcement and its dogma. Theres no going back because he cant be wrong. There cant being any planning because you want he to sprung it on everyone else AND that implies the Stable Genius failed to process something in his big giant brain.
in2herbs
(3,992 posts)walkingman
(9,939 posts)Ponietz
(4,089 posts)Loser, Inc., every $%^&*#@ time.
Raven123
(7,139 posts)rampartd
(2,596 posts)buy all beans from farms less than xx acres and deliver them to catholic charities.
evilclown
(24 posts)Bailout is just a socialistic bribe to farmers who are being harmed by trumps tariffs and trade policy. We need to call this bribe out and place labels on them for being welfare queens. Maybe get a list of every farmer who accepts a bribe and how much they take from the government. Publish the list over and over to shame them for abusing our treasury funds.
Bluetus
(1,661 posts)Last edited Sun Oct 5, 2025, 12:57 PM - Edit history (1)
Soybeans are a commodity. They are a low value product and 100% fungible. Beans from Canada. Beans from Argentina. Beans from Iowa. It makes no difference. They are sold on a global market and nobody gets a price premium. We have no added value. They are just beans. If Trump sends billions to Argentina to help them sell their beans to China at the same time Trump puts tariffs on our own farmers, it isn't just the farmers that get screwed. The taxpayers foot the bill for Argentina, and then the taxpayers will have to bail out our farmers. Meanwhile, China pays no tariff and they get the beans at the cheapest prices ever.
And while the American taxpayer is paying for all these benefits to China and Argentina, China is continuing to advance in all the areas that are NOT commodities. Asia is rapidly taking over the global automotive market. They already dominate in chip production. They already dominate in wind turbines, photovoltaics, and batteries.
The US is the leader in crypto scams and building giant data centers for AI, regardless of whether these will ever be needed or productive.
We are losing our first world status right before our eyes, yet nobody seems to notice.
FredGarvin
(708 posts)The US soybean crop alone is worth over 60 billion dollars.
Bluetus
(1,661 posts)What good is a $60 billion industry if the taxpayers have to spend $20 billion to subsidize it?
Obviously we need to produce food for our own people, but beyond that, there is absolutely nothing strategic about any agriculture products. They are all commodities, selling on the global market at the cheapest prices.
We should also note that countries like China have raced way past the US in transportation infrastructure. That may not be a huge factor directly related to soybeans in China, but our 100-year-old transportation system means that we are not very efficient at moving these low-value commodities around. These things add up to huge taxpayer subsidies. The Ag budget is about $200,000,000,000 a year, and much of that is direct subsidies to farmers and indirect price supports. That's basically the same size as the federal Education budget. How does that many any sense? Soybeans give the US nothing of any strategic value globally. Education is needed for anything strategic.
FredGarvin
(708 posts)Could care less about feeding citizens.
Once again, China is eating out lunch.
Bluetus
(1,661 posts)There are here for the government subsidies.
Just as the corporates are buying up much of the nation's housing stock, largely because of the tax benefits.
What we are looking at is late-stage capitalism -- a system failing as the result of 50 years of unrestricted bribery to rig our laws in favor of the giant corporations.
I do have some sympathy for he small family farmer that is really getting hosed by all of this. I do know a few farmers who are very liberal in their politics, but most of them are too dumb to come in from the rain, and STILL support Trump even after all this.
modrepub
(3,942 posts)Ag sales for overseas market probably need to be handled much like a fishery. You establish some sort of catch quota, figure out a way to divide the quotas between farmers and have some backup producers if weather doesn't cooperate. We produce far more corn and soybeans than our markets need and corporate farms have their hooks in politicians who extract taxes to keep the whole mess going where the profits are privatized and the losses are socialized.
FredGarvin
(708 posts)Archer Daniels Midland (ADM), Bunge, Cargill, COFCO, and Louis Dreyfus Company (LDC).
If a farmer misses payments, these corporations will take the land in court.
It's been going on for decades now...
dropdeaddon
(1 post)The moron is an expert in bankrupting, so it's no surprise that he ruined the farmers again. He did the same during his first term, which led to some farmers going bankrupt and, tragically, some taking their own lives. Why did the farmers vote for him again? So, if China doesn't buy soybeans from the US again, do we need to continue sending aid packages to the farmers? How is that sustainable?
Emile
(38,216 posts)everyone around here votes for Republicans. I think they are secretly masochists.
FredGarvin
(708 posts)To the tune of $19,000,000,000.
The media is blaming China and Democrats.
Bernardo de La Paz
(59,467 posts)marble falls
(68,890 posts)LetMyPeopleVote
(171,116 posts)twodogsbarking
(16,166 posts)Bayard
(27,381 posts)When they've already found them elsewhere? TACO will have to give them rock bottom prices. That fully negates his lies about tariffs. Plus, now WE will have to bail out big ag. Looks like taxpayers are the only ones that lose.
otchmoson
(249 posts)So now American farmers can become Trump's very own welfare queens! Enjoy the label.
He creates hell for farmers and then throws them a bone
marble falls
(68,890 posts)... same players will still be in the game.