'There’s no profit to be made in raising soybeans': Farmers react to tariffs as harvest season begins
Trump administration considers using $14 billion in tariff revenues to aid soybean farmers facing losses from China's halted purchases amid escalating trade tensions.
- China has shifted to purchasing soybeans from Argentina, buying about 1.3 million tons this year due to tariffs imposed by President Donald Trump on U.S. goods.
- U.S. Senator Chuck Grassley expressed hope that the Trump administration will find a way to support farmers amid China's shift away from U.S. soybeans.
- The Iowa Soybean Association President Tom Adam criticized the U.S. government's financial aid to Argentina during U.S. farmers' struggles with trade wars.
- Grassley stated that U.S. farmers prefer market solutions over federal aid, emphasizing the need for a quick resolution with China.
17 Articles
17 Articles
Trump administration proposes aid as trade tensions hit soybeans
Farmers nationwide are facing higher costs and tighter margins under tariffs imposed by President Donald Trump. To offset the strain, the administration proposed at least $10 billion in aid that could offer temporary relief to the agriculture industry. The Wall Street Journal reported that people familiar with the discussions said Trump is considering using tariff revenue to boost the farm economy. A senior administration official said the money…


Grassley, Iowa Soybean Association press Trump to act as farmers lose Chinese market
The senator said he has spoken with U.S. Ag Secretary Brooke Rollins about relief options. The administration is considering using tariff revenue to provide direct support to farmers.
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