President Donald Trump is set to announce on Monday that his administration is doling out a $12 billion aid package to farmers who have been squeezed by a trade war between the U.S. and its top economic partners.

Treasury Secretary Scott Bessent and Agriculture Secretary Brooke Rollins will join Trump at a roundtable event unveiling the economic assistance, a White House official told CNBC.

Most of that money — up to $11 billion — will go to the U.S. Agriculture Department's new Farmer Bridge Assistance program, which will provide one-time payments to row crop farmers, the official said.

The remaining $1 billion will be reserved as the USDA evaluates changing market conditions, according to the official.

Trump is set to hold a roundtable event at the White House at 2 p.m. ET. The pre

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