WASHINGTON (RFD-TV) — President Donald Trump took to Truth Social on Wednesday afternoon to discuss American soybean farmers and the administration’s ongoing trade negotiations with China.
Trump’s comments arrive about a month before a planned meeting with Chinese President Xi Jinping, and recent headlines about China’s large purchase of soybeans from Argentina after the country dropped its export taxes.
Around the same time China’s soybean purchase was announced, Trump was meeting with world leaders at the United Nations, including the President of Argentina, whom he promised serious financial support to avert an economic crisis, despite their trade movements that undercut U.S. soybean farmers.
Last week, the President announced that tariff surpluses would be directed to U.S. farmers and ranchers, saying, " However, it remains unclear how the administration plans to accomplish this or how much support the ag industry will receive in terms of funding.
Democratic senators, led by Sens. Amy Klobuchar and Elizabeth Warren, penned a letter to the White House, asking the President to reconsider the $50 billion bailout of Argentina and focus on additional support for American farmers.
Watch Market Day Report and Rural Evening News for updates on this developing story.
