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( NewsNation ) — As many Americans prepare to give thanks , the Trump administration said U.S. farmers may have something to celebrate after a tough year.

Agriculture Secretary Brooke Rollins on Monday said her department is on the verge of announcing an expected $12 billion aid package for farmers hit by inflation and tariffs .

“We’ll have an announcement probably in the next week or two on what that’s going to look like,” Rollins told CNBC.

Rollins also said the department is in the home stretch for a soybean deal with China.

In October, Trump and China’s Xi Jinping met for face-to-face talks in South Korea ,

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