President Trump on Wednesday said he planned to use money brought in from tariffs on imports to provide aid to soybean farmers who have been hurt by a trade dispute with China.

"The Soybean Farmers of our Country are being hurt because China is, for 'negotiating' reasons only, not buying," Trump posted on Truth Social. "We’ve made so much money on Tariffs, that we are going to take a small portion of that money, and help our Farmers."

Farmers of crops like soybeans and corn have had difficulty selling their harvest and have grappled with rising prices for supplies like fertilizer.

The U.S. has in the past been the No. 1 supplier of soybeans to China, but China recently purchased a massive soybean crop from Argentina.

Administration officials have for weeks acknowledged American farmers

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