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Trump's Billion-Dollar Bailout Aims to Rescue Farmers

10/5/2025

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Story summary
  • A proposed multi-billion-dollar bailout targets American farmers amid President Donald Trump's trade war.
  • The U.S. soybean industry has been hit by China's tariffs and lost export market.
  • China typically buys 60% of global soybean exports but has redirected to Argentina and Brazil.
  • Iowa farmers harvest 550 million bushels with no China sales as Trump plans to meet Xi Jinping.