Trump to announce $12 billion aid package for farmers caught up in trade war

Core Insights - The U.S. government is providing a $12 billion aid package to farmers affected by the trade war with China, with a significant portion allocated to support agricultural businesses [1][2]. Group 1: Aid Package Details - Up to $11 billion of the aid will be directed to the U.S. Agriculture Department's Farmer Bridge Assistance program, offering one-time payments to row crop farmers [2]. - The remaining $1 billion will be held by the USDA for evaluation of changing market conditions [2]. Group 2: Impact of Trade War - The agricultural industry is facing challenges due to the trade war, particularly from the halt of U.S. soybean purchases by China during critical harvest periods [4]. - Although China resumed some soybean purchases in late October, imports have not returned to previous levels, and stockpiles have reached recent highs [5]. Group 3: Future Projections - The U.S. administration maintains that China is expected to meet its projected purchase of 12 million metric tons of U.S. soybeans by the end of February, with a commitment to buy at least 25 million tons annually over the next three years [6].