Trump White House announces $12B farm aid package

Dec. 8 (UPI) -- U.S. President Donald Trump announced Monday a $12 billion dollar aid package to help American farmers hit hard by inflation, tariffs and China's trade war to "provide much needed certainty" for next year's crops.

Trump unveiled the aid package with Treasury Secretary Scott Bessent and Agriculture Secretary Brooke Rollins at a White House roundtable, where they were joined by farmers in soybean, corn, rice, cattle, potatoes, sorghum and the cotton industry.

"I'm delighted to announce this afternoon that the United States will be taking a small portion of the hundreds of billions of dollars we receive in tariffs ... We're going to use that money to provide $12 billion in economic assistance to American Farmers," Trump said.

"This relief will provide much needed certainty to farmers as they get this year's harvest to market and look ahead to next year's crops, and it'll help them continue their efforts to lower food prices for American families," Trump added.

Rollins said farmers can begin applying for the one-time funding within the next few weeks. The money will be distributed before Feb. 28.

A White House spokesperson said Monday's rollout reflected Trump's "commitment to helping our farmers, who will have the support they need."

"We are going to create this bridge because, again, agriculture is all about the future, you've got to start financing for planting next year, when things will be very good," Bessent said Sunday.

Monday's aid announcement is the latest effort to help U.S. farmers negatively affected by the president's tariff policies and other factors, such as a drop in crop prices. Farmers lost billions of dollars in sales after China stopped buying U.S. soybeans in May to retaliate against Trump's tariffs.

The White House said last month that China plans to buy at least 12 million metric tons of soybeans, sorghum and "other farm products" before the end of the year, after Trump and Chinese President Xi Jinping reached a preliminar