US Treasury Secretary Scott Bessent signaled Thursday that “substantial support” for farmers would be announced next week, particularly for those growing soybeans, as they struggle with fallout from President Donald Trump’s trade conflicts.

Worries have been growing for weeks of a major hit to farmers, a key part of Trump’s political base, as exports to China dry up over tariffs instituted by Beijing in retaliation to US levies.

“You should expect some news on Tuesday on substantial support for our farmers, especially the soybean farmers,” Bessent told CNBC early Thursday.

The Wall Street Journal also reported Thursday that President Donald Trump is mulling $10 billion or more in aid to American farmers as the trade tensions take a toll.

The Trump administration is considering using re

See Full Page