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Showing Original Post only (View all)Trump plans aid package for US soybean farmers while seeking trade deal with China [View all]
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
