US President Donald Trump has announced a long-anticipated US$12 billion farm aid package to assist farmers caught in US-China trade tensions, crediting his tariff strategy for making the bailout possible and asserting that his negotiations with China had led to the resumption of massive soybean sales.

But the announcement has not pleased all farmers, particularly those still struggling with low prices and lost markets. Some said it was too little, too late, and that a bailout wouldnโ€™t be necessary if there were no tariffs.

John Bartman, a soybean farmer from Illinois, said the aid was a โ€œdrop in the bucketโ€ and โ€œroughly the same amount of money that China would have purchased in a normal year anywayโ€.

โ€œItโ€™s just the stupidity of the whole situation that weโ€™re in this mess. And why is China not upholding their end of the bargain? Why do we have to have this payment in the first place?โ€ he added.

US Agriculture Secretary Brooke Rollins said the government will issue US$11 billion in direct โ€œbridge paymentsโ€ to crop farmers by the end of February 2026, while holding back US$1 billion to assess needs among speciality crop producers.

While blaming his predecessor Joe Biden for the โ€œtotal messโ€ and โ€œhighest inflationโ€, Trump said that the aid would not be โ€œpossible without tariffsโ€ and called $12 billion โ€œa lot of moneyโ€.

โ€œThis money would not be possible without tariffs. The tariffs are taking in, you know, hundreds of billions of dollars, and weโ€™re giving some up to the farmers because they were mistr

๐Ÿ“ฐ

Continue Reading on The Star Malaysia

This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.

Read Full Article โ†’