Trump Weighs $10 Billion Farmer Aid Amid Soybean Trade Standoff
President Donald Trump is considering a new aid package of at least $10 billion for U.S. farmers, with a formal announcement expected as early as next week, as trade tensions with China continue to choke soybean exports.
According to reporting from The Wall Street Journal, President Trump and his administration are weighing a farm aid package between $10 billion and $14 billion, using tariff revenues to fund much of the support. The plan, still under discussion, is expected to prioritize soybean producers, who have borne the brunt of China's trade retaliation.
"President Trump and Secretary Rollins are always in touch about the needs of our farmers, who played a crucial role in the President's November victory," said White House spokeswoman Anna Kelly. She added that Trump intends to use tariff revenue to shore up the farm economy, though "no final decisions" have been made on the contours of the program.
During Trump's first term, soybean growers accounted for more than 70% of farm financial losses tied to the U.S.-China trade war. The administration sent $23 billion in aid to offset the hit, but Beijing has since invested heavily in Brazil and other South American suppliers, limiting the rebound in U.S. exports.
On Thursday, Treasury Secretary Scott Bessent confirmed that farmers could expect a "substantial support" package announcement on Tuesday. He said Chinese leadership has been using American soybean farmers as "a hostage or pawn" in negotiations and acknowledged the impact of a record harvest that risks outpacing storage capacity. "That's also affecting prices," Bessent noted, adding that aid would help ensure farmers have resources for the next planting season.
The broader trade context remains critical. Trump has signaled that soybeans will be a central topic when he meets Chinese President Xi Jinping later this month in South Korea during the Asia-Pacific Economic Cooperation forum. "The Soybean Farmers of our Country are being hurt because China is, for ‘negotiating' reasons only, not buying," Trump wrote on Truth Social.
For now, soybean farmers remain caught between rising input costs, limited export demand, and uncertain policy relief. While a multibillion-dollar package could provide temporary stability, many producers warn that loterm competitiveness depends on restoring access to global markets-particularly China, the world's largest soybean buyer.