Trump news: WIll provide 12 billion in aid to farmers

Trump News:

• Taking action to protect farmers
• US will take small portion of tariff revenues to give it to farmers
• We will provide $12 billion in aid to farmers
• He spoke with Xi and he thinks China will buy even more soybeans than promised.

He added:

• We willl take off a lot of environment rules that affect tractor companies.
• We will take those rules off and want reduction in prices on farming equipment.
• Farming equipment has gotten too expensive

For Fiscal Year 2025 (Ended Sept 30, 2025):

• The US collected approximately $195 billion to $215 billion in customs duties. This represents a massive increase—roughly 150% to 250% higher than the previous year.

• Fiscal Year 2024: For comparison, the US collected roughly $77 billion in customs duties.

Since the start of the fiscal 2026 year, (Started Oct 1, 2025):

• Collections remain at record highs. In October 2025 alone, the Treasury reported collecting roughly $34 billion, putting the US on pace for another record-breaking year if current policies remain in place.

This article was written by Greg Michalowski at investinglive.com.