Trump proposes tariff revenue-based bailout to farmers seeing huge financial losses from trade war

“We will take some of the tariffs we conducted, and we will present it to farmers, who, for a short period, will hurt until the tariff reaches their interest,” Trump told reporters at the Oval Office on Thursday. “So we will make sure that our farms are in good condition, because we take a lot of money.”

The Minister of Agriculture, Brock Rollins, said last week that the administration was weighing this procedure.

The White House did not respond immediately luckRequest to comment on the details related to the rescue.

The farmers – a historic Savior of Trump – seemed warnings about how the management tariffs exacerbated the trade conflicts that were at risk to the American export markets as production costs remain high or even more.

“The frustration is overwhelming.” “The farm economy is suffering, while our competitors replace the United States in the largest market for soybean import in the world.”

Treasury Secretary Scott Bessin said on Wednesday that the United States will provide financial support to Argentina, as it tries to stabilize its economy. As part of stability efforts, Argentina canceled the export tax on soybeans, and according to what was reported, China ordered 10 shipments of the crop from the country of South America. China has received nearly a quarter of US soybean exports in 2024, but has not requested any US soybean since May. Instead, the country has turned into cheaper alternatives than Argentina and Brazil, which has continued to overcome its market share of the United States over the past decade.

The National Association of Corn farmers was in a similar astonishment, as corn prices fell by more than 50 % of its peak 2022, while production costs decreased by only 3 % at the same time. Corn and soybeans formed 45 % of the receipts of cash crops in the United States in 2024, according to the US Department of Agriculture.

Meanwhile, production costs continue to production. August data from Agricultural Trade Monitoring at Northern Dakota State University indicates that the customs tariff rates for self -drive machines such as tractors are 15 %, while herbal pesticide rates and some pesticides are 25 % as a result of continuous commercial conflicts.

Trump’s commercial war Diga Fu

Trump’s previous actions to save farmers have witnessed mixed success. Many of the problems that American farmers suffer today are a set of issues that have arisen in the first president of the president.

American farmers lost $ 27 billion in agricultural exports between mid -2018 and 2019 as a result of a trade war with China, according to a report issued in 2022 by the US Department of Agriculture. The Trump administration responded to the crisis by rescuing 28 billion dollars to farmers, which effectively erased immediate economic losses. The farmers and economists said the market erosion of the primary trade war lasts.

“The ready -made meals that we have from the last time we have done,” said Todd Mine, Market Development Director at the Illinois Fallo Association. luck.

According to Windong Zhang, Associate Professor of Applied Economy and Politics at the University of Cornell University, financial support for farmers today will have similar consequences.

“It will compensate for immediate economic losses due to definitions, but it does not necessarily improve the long -term competitiveness of agriculture on the world stage,” Zhang told Zhang. luck.

The farmers have clarified their position, on the pretext that a trade agreement with China is the best way to maintain the agricultural export industry, which amounted to $ 176 billion in 2024.

“We can grow anything. What we really want is good relationships with our commercial partners,” said the head to the Illinois Flein Soy. “We want the markets. We don’t want to rescue.”

Fortune Global Forum Returns 26 to 27 October, 2025 in Rydah. Executive chiefs and world leaders will meet for a dynamic event for the call only forms the future of business. Apply for an invitation.