President Trump announces a aid package for American farmers affected by China's boycott on soybean imports, in the context of trade negotiations.
Raluca Ioana Draghici
International
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Donald Trump intends to provide significant support to soybean farmers in the U.S., who are suffering due to China's boycott of American soybean imports. Although trade negotiations continue, farmers fear they will not be able to sell their current harvest. The Secretary of the Treasury has promised details about the financial aid, which comes at a time when China has suspended soybean purchases, a crucial product for American agriculture. Soybeans account for 14% of U.S. agricultural exports, and farmers grew them worth $60.7 billion in 2022-2023.
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