Overview
- Treasury Secretary Scott Bessent said the administration could move on farmer aid as soon as Tuesday.
- Reporting points to an initial direct-payment package of about $10 billion even as the Commodity Credit Corporation has roughly $4 billion available.
- Republicans in Congress are discussing a far larger relief plan in the range of $35 billion to $50 billion for producers hit by tariffs.
- U.S. soybean exports to China totaled 218 million bushels through August, down from 985 million in 2024, as Beijing shifted purchases to Brazil and Argentina.
- The Wall Street Journal editorial board branded the policy a self-destructive tariff folly, arguing bailouts undercut claims that tariffs are cost-free and fuel Beltway lobbying.