Treasury Secretary Scott Bessent said on Thursday that the Trump administration would release details next week on "substantial support" for American farmers.
Why it matters: The farm economy has been devastated by White House trade policies, and officials have hinted at using tariff revenue to fund bailouts.
Between the lines: The economic pinch is particularly acute for soybean farmers, who've seen demand for their crops dry up in the wake of the U.S.-China trade war. • China has stopped buying U.S. soybeans, crushing the largest export market for American farmers.
What they're saying: "It's unfortunate that Chinese leadership has decided to use American soybean farmers as a hostage or pawn in the trade negotiations," Bessent told CNBC. • "You should expect some news on Tuesday on