President Donald Trump is ready to announce a $12 billion assist package deal for American farmers on Monday, a White Home official confirmed to ABC Information.
The package deal is ready to incorporate $11 billion in one-time funds to crop farmers by a brand new Division of Agriculture bridge fee program. The remaining funds will then go to different crops not lined by that program.
President Donald Trump, joined by Treasury Secretary Scott Bessent and Agriculture Secretary Brooke Rollins, participates in a roundtable dialogue with farmers within the Cupboard Room of the White Home, December 8, 2025 in Washington.
Alex Wong/Getty Photos
The long-promised assist package deal is meant to supply reduction to farmers who’ve been harm straight by Trump’s commerce insurance policies, together with his international tariffs.
The information of the help package deal announcement was first reported by Bloomberg.
A White Home official confirmed that Trump will announce the package deal at an occasion with farmers on the White Home on Monday afternoon.
Affect of tariffs on farmers
The help package deal comes because the U.S.-China commerce battle has hit soybean farmers particularly onerous. By means of most of this fall, throughout a bumper harvest season, China had blocked all purchases of soybeans from the U.S.
China was the most important purchaser of U.S. soybeans in 2024, accounting for $12.64 billion in gross sales, in accordance with the USDA.
Throughout Trump’s high-stakes assembly with Chinese language President Xi in late October, the U.S. and China introduced a framework commerce settlement that included a deal on soybeans. China agreed to buy 12 million metric tons of soybeans within the last two months of this yr and 25 million metric tons in 2026, 2027 and 2028 — on par with ranges earlier than the commerce battle.
Up to now, China has bought about 2.2 million metric tons of soybeans from the U.S. because the finish of October, USDA information reveals.
A farmer climbs onto a cotton stripper throughout a harvest at a farm close to Corn, Okla., Nov. 19, 2025.
Nick Oxford/Bloomberg through Getty Photos
New package deal comes after Argentina bailout controversy
The administration’s new actions additionally come on the heels of the administration’s $20 billion bailout of Argentina, a transfer many American farmers and lawmakers on each side of the political aisle criticized.
This fall, as China stopped shopping for all soybeans from U.S. farmers, it bought soybeans from Argentina as a substitute. In order the U.S. was giving a monetary lifeline to Argentina, a rustic that straight benefited from the commerce battle, American farmers stated they felt left behind.
“Farmers VERY upset [about] Argentina promoting soybeans to China proper after USA bail out Nonetheless ZERO USA soybeans offered to China,” Republican Sen. Chuck Grassley of Iowa wrote in a September social media put up concerning the bailout.
Trump, in his first time period, additionally took motion to bail out American farmers. His administration authorised two packages in 2018 and 2019 totaling $28 billion for farmers impacted by his financial insurance policies.
