President Donald Trump has announced a $12 billion aid package to support farmers hit by his own tariff and economic policies, aiming to cushion losses as trade tensions intensify. Joined by Treasury Secretary Scott Bessent, Agriculture Secretary Brooke Rollins and NEC Director Kevin Hassett, Trump outlined the relief during a roundtable with farmers and industry leaders. The administration frames the package as essential support, even as critics argue it underscores the mounting strain from ongoing tariff battles.
00:00The United States will be taking a small portion of the hundreds of billions of dollars we receive in tariffs.
00:06We are making a lot of money from countries that took advantage of us for years.
00:11I guess because of the election, because without the election you wouldn't have tariffs.
00:15You'd be sitting here losing your shirt.
00:17We're going to be giving and providing it to the farmers in economic assistance.
00:22And we love our farmers and farmers like me, because, you know, based on voting trends,
00:28you could call it voting trends or anything else.
00:30But we're going to use that money to provide $12 billion in economic assistance to American farmers.
00:38I'm delighted to announce this afternoon that the United States will be taking a small portion of the hundreds of billions of dollars we receive in tariffs.
00:46We are making a lot of money from countries that took advantage of us for years.
00:51They took advantage of us like nobody's ever seen.
00:54Our deficits are way down because of tariffs.
00:57I guess because of the election, because without the election you wouldn't have tariffs.
01:02You'd be sitting here losing your shirt.
01:04But we're taking in billions.
01:07We're really taking in trillions of dollars, if you think about it, Scott.
01:10Because the real number is, you know, when you think of all the money being poured into the country for new auto plants and all of the other things, AI.
01:18So what we're doing is we're taking a relatively small portion of that and we're going to be giving and providing it to the farmers in economic assistance.
01:31And we love our farmers.
01:33And as you know, the farmers like me, because, you know, based on voting trends, you could call it voting trends or anything else.
01:41But they're great people.
01:43They're the backbone of our country.
01:45So we're going to use that money to provide $12 billion in economic assistance to American farmers.
01:52$12 billion is a lot of money, Meryl.
01:55What do you think?
01:56Peanuts for you, though, right?
01:57Peanuts?
01:58She's a farmer of rice.
02:01This relief will provide much-needed certainty to farmers as they get this year's harvest to market and look ahead to next year's crops.
02:11And it'll help them continue their efforts to lower food prices.
02:15We're delighted to announce this afternoon that the United States will be taking a small portion of the hundreds of billions of dollars we receive in tariffs.
02:24We are making a lot of money from countries that took advantage of us for years.
02:28They took advantage of us like nobody's ever seen.
02:31Our deficits are way down because of tariffs.
02:35I guess because of the election.
02:37Because without the election, you wouldn't have tariffs.
02:39You'd be sitting here losing your shirt.
02:42But we're taking in billions.
02:44We're really taking in trillions of dollars, if you think about it, Scott.
02:48Because the real number is, you know, when you think of all the money being poured into the country for new auto plants and all of the other things, AI.
02:57So what we're doing is we're taking a relatively small portion of that.
03:03And we're going to be giving and providing it to the farmers in economic assistance.
03:09And we love our farmers.
03:10And, as you know, the farmers like me, because, you know, based on voting trends, you could call it voting trends or anything else.
03:19But they're great people.
03:21They're the backbone of our country.
03:22So we're going to use that money to provide $12 billion in economic assistance to American farmers.
03:30$12 billion is a lot of money, Meryl.
03:32What do you think?
03:33Peanuts for you, though, right?
03:35Peanuts?
03:36She's a farmer of rice.
03:37This relief will provide much-needed certainty to farmers as they get this year's harvest to market and look ahead to next year's crops.
03:49And it'll help them continue their efforts to lower food prices.
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