The Trump Administration is drawing up plans to use tariff revenue to fund a program to support U.S. farmers, according to the Financial Times.
That record is citing Agriculture Secretary Brooke Rollins who says, “There may be circumstances under which we will be very seriously looking to and announcing a package soon.”
Rollins also says financing the bailout with “tariff income that is now coming into America” was “absolutely a potential.”
The report follows pressure from farm groups after China stopped purchases of soybeans from the U.S. in their tit-for-tat trade dispute, and as tariffs have pushed up costs for fertilizer, machinery and other imported inputs.
Agriculture has emerged as a major point of contention between China and the U.S. as the superpowers are locked in a tariff war launched by President Donald Trump.
