President Trump Announces $12 Billion Relief Package for Farmers Amid Tariff Challenges
President Donald Trump is set to announce a $12 billion relief assistance package aimed at supporting American farmers affected by his administration's tariff policies. The announcement, expected to be made at a roundtable event with farmers and key officials, comes as the agriculture sector faces significant challenges due to tariffs, particularly those impacting soybean producers. The relief package includes $11 billion allocated to the Agriculture Department's new Farmer Bridge Assistance program, designed to aid crop farmers, with an additional $1 billion for commodities not covered by the program. This move follows a period of increased financial strain on farmers, with a notable rise in bankruptcy filings. The tariffs have led to a decrease in U.S. soybean sales, as China, a major importer, halted purchases in response to the trade policies. The relief package aims to mitigate these impacts and support farmers in navigating the current economic environment. 
