President Donald Trump said Wednesday he plans to use tariff revenue from imports to aid U.S. soybean farmers hurt by the economic fallout from the U.S.-China trade fight.
“The Soybean Farmers of our Country are being hurt because China is, for ‘negotiating’ reasons only, not buying,” Trump posted on Truth Social. “We’ve made so much money on Tariffs, that we are going to take a small portion of that money, and help our Farmers.”
His administration is considering providing up to $14 billion in aid, reported Politico.
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