US Soybean Harvest Flourishing with No Purchase from China, Trump Considers $10 Billion Aid

As the US farmers have one of the largest harvest seasons in history, China has not resumed soybean purchases, and the familiar storyline is playing out once again. On October 2nd, the US media outlet Wall Street Journal cited sources familiar with the matter saying that due to warnings from the US Department of Agriculture that broad tariffs policies could have negative economic implications, Trump is considering providing $10 billion or more in aid to American farmers. These sources revealed that Trump and his team are considering using tariff revenues as the main source of aid funds, and the aid funds may start to be distributed in the coming months. A senior government official also mentioned that discussions are mainly focused on a scale of aid ranging from $10 billion to $14 billion, with a high likelihood that this fund will be used to assist soybean growers and more.