Trump Announces $12 Billion Tariff-Funded Aid For Farmers, Slams Biden’s ‘Mess’
Автор: CNN-News18
Загружено: 2025-12-09
Просмотров: 1129
At a White House roundtable, President Donald Trump announced a $12 billion economic assistance package for American farmers, describing it as a "bridge payment" toward a "new golden age" for agriculture. The aid is funded by tariffs on foreign goods and is intended to counter high inflation and regulatory burdens attributed to the Biden administration. Agriculture Secretary Brooke Rollins stated that $11 billion will be distributed by February 2026 for row crops, with $1 billion reserved for specialty crops. Treasury Secretary Scott Bessent also announced a new trade commitment from China to purchase at least 12 million metric tons of soybeans this season. The event featured farmers such as Cordt Holub, who noted the aid would allow him to "farm another year," and Meryl Kennedy Farr, who raised concerns about rice dumping by India and China. Trump also committed to removing environmental restrictions on farm equipment and touted the elimination of the estate tax for family farms. Separately, the President commented on the resignation of Alina Habba as a U.S. Attorney nominee for New Jersey, criticizing the "blue slip" process.
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