US President Donald Trump has proposed a $12 billion bailout package for American farmers struggling due to his tariffs, but the funds will actually be sourced from a separate government fund within the US Department of Agriculture.
Trump initially claimed that the money would come from tariffs collected on imported goods, which he says are being unfairly penalized by other countries. However, officials have confirmed that the funds will indeed be taken from a specific budget line, rather than tariff revenue.
In a meeting with farmers, Trump shifted the blame for their economic woes to the Biden administration and his own predecessors, claiming they had caused an affordability crisis in the agriculture industry. This assertion has been disputed by many experts and politicians who argue that the issue is more complex and multifaceted.
Agriculture Secretary Brooke Rollins described the $12 billion relief package as a "bridge payment" aimed at supporting farmers during this difficult period. The funds will be distributed to farmers by February 2026, with $1 billion set aside for specialty crops like fruits and vegetables.
Critics remain skeptical about whether government aid will actually bring significant relief to farmers and consumers. Some experts have questioned the necessity of the payments, pointing out that other measures could potentially achieve similar results at a lower cost. Nevertheless, the package marks a significant development in Trump's efforts to mitigate the impact of his tariffs on US agriculture.
Trump initially claimed that the money would come from tariffs collected on imported goods, which he says are being unfairly penalized by other countries. However, officials have confirmed that the funds will indeed be taken from a specific budget line, rather than tariff revenue.
In a meeting with farmers, Trump shifted the blame for their economic woes to the Biden administration and his own predecessors, claiming they had caused an affordability crisis in the agriculture industry. This assertion has been disputed by many experts and politicians who argue that the issue is more complex and multifaceted.
Agriculture Secretary Brooke Rollins described the $12 billion relief package as a "bridge payment" aimed at supporting farmers during this difficult period. The funds will be distributed to farmers by February 2026, with $1 billion set aside for specialty crops like fruits and vegetables.
Critics remain skeptical about whether government aid will actually bring significant relief to farmers and consumers. Some experts have questioned the necessity of the payments, pointing out that other measures could potentially achieve similar results at a lower cost. Nevertheless, the package marks a significant development in Trump's efforts to mitigate the impact of his tariffs on US agriculture.