This is the story of two bailouts. One is questionable, at best, while the other should be unnecessary. But because of faulty economic policies and questionable alliances, American consumers are going to end up footing the bill.
President Donald Trump’s tariffs are hurting American soybean farmers. But instead of negotiating with China to return the export of American soybeans, the Trump administration is sending a 20-million-dollar bailout to Argentina — which, along with Brazil, is selling its soybeans to China. Which in turn has prompted Trump to suggest another bailout to American farmers.
China imports an average of 61% all globally traded soybeans, according to the American Soybean Association. The U.S. remains one of the world’s top soybean producers, with farmers planting about 8