Trump tweeted on Tuesday morning, saying "t$3 ariffs are the greatest!" and that other nations would have to negotiate better trade deals with the United States or be hit by additional tariffs.
"Tariffs are the greatest!" he wrote on Twitter. It's as simple as that - and everybody's talking!
Nebraska Senator Ben Sasse, a Republican, criticized the bailout, and the administration's underlying trade policy.
Tariffs are the greatest!
Summit Agricultural Group CEO Bruce Rastetter on the impact of tariffs on American farmers.
Axios notes the bailout is being advertised as "temporary", but that, too, was the original idea with the tariffs that produced the retaliatory actions by China that have created the most heartburn in the heartland.
Soybean farmers have also been hurt by falling soy prices tied to these tariffs.
Punishing tariffs have been introduced on imported goods from Canada, China, and the EU.
For instance, China is the biggest buyer of US soybeans, importing more than $12.4 billion worth of the oil seed in 2017, according to the Peterson Institute for International Economics.
The $12 billion in funding will arrive through direct assistance, a food purchase and distribution program, and a trade promotion program, all paid for by US taxpayers. Farmers in Iowa alone could lose as much as $624 million on soybean shipments to China, Donnelle Eller, an agriculture reporter with the Des Moines Register, told CBSN last month.
Speaking at the Heritage Foundation, Johnson said these trade disputes "could just totally run out of control" and likened them to "throwing a hand grenade of uncertainty" into the economy.
The official Trump administration line right now is that the trade war he's launched against China, the European Community and others is a total no-brainer, and simply a matter of Uncle Sam deciding to stop being Uncle Sucker.
Trump has slapped tariffs on billions of dollars' worth of imports, and has shown few signs of slowing. Additionally, the product's final assembly or processing must have taken place in the US.
This is a developing story and will be updated.