US President Donald Trump has announced a $12 billion aid package for farmers hit by trade tariffs imposed on China, the European Union (EU) and several other countries.
The announcement comes as concerns grow among the US agricultural community, as the sector is among the hardest hit by the ongoing trade war.
Prices for key commodities such as soybeans, corn and cotton are falling, while exports to international markets have shown a significant decline.
According to a report by the Wall Street Journal, the Trump administration is currently evaluating the possibility of using tariff revenue as the main source of funding for the aid package.
However, the announcement has drawn mixed reactions from politicians and industry groups.
Some have praised the move as a temporary relief, while others see it as a short-term solution that does not solve the problem of aggressive tariff policies.
Meanwhile, economic analysts have stressed that this aid package will not be enough to cover long-term losses, if the US trade war continues.
This assistance is expected to be channeled over the next few months through direct subsidies, government purchases of agricultural produce and export promotion programs.
