The Trump administration is reportedly formulating a plan to utilize tariff revenue to finance a support program for U.S. farmers, according to a Financial Times report published on Thursday. Agriculture Secretary Brooke Rollins revealed in an interview that the administration is actively considering this approach, stating, ‘There may be circumstances under which we will be very seriously looking to and announcing a package soon.’ Rollins emphasized that using ‘tariff income that is now coming into America’ is ‘absolutely a potential’ funding source. The White House has yet to comment on the matter. This development comes amid mounting pressure from agricultural groups, exacerbated by China’s halt in soybean purchases from the U.S. due to the ongoing trade dispute. Additionally, tariffs have increased costs for essential farming inputs such as fertilizer and machinery. Agriculture has become a focal point in the escalating trade tensions between the two superpowers, initiated by President Donald Trump’s tariff policies. The situation underscores the broader economic challenges faced by U.S. farmers in the current geopolitical climate.
Trump tariffs could fund bailout for US farmers, agriculture secretary tells FT
