President Trump is reportedly exploring a bailout of at least $10 billion to help U.S. farmers affected by tariffs. CNBC's Eamon Javers reports on news from the White House.

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Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.

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The Trump administration is considering a bailout package valued between $10 and $14 billion to support U.S. farmers affected by the trade conflict with China. This move follows reports of substantial losses in the farm sector, especially due to China halting purchases of American soybeans, which typically account for billions in annual transactions.

Discussions regarding the aid package are ongoing, and details are still being finalized. The proposal comes as farmers face significant financial strain from retaliatory measures in the trade dispute, with the timing of the aid package yet to be confirmed.

Trump explores bailout of at least $10 billion for U.S. farmers

Breaking news now coming to us from the White House. Eamon Javers joins us with more on this. Eamon, what do you have? Contessa, we've got new reporting here from the Wall Street Journal just within the past couple of moments, putting a number now on that aid to farmers that President Trump has been talking about all week into basically bail out the farm sector from some of the damage that they've had from the retaliatory actions from China as part of the trade war. The Wall Street Journal reporting that the total package the Trump administration is considering now is between 10 and 14 billion dollars in aid to American farmers. They caution that that is still maybe a bit of a moving target. Discussions are ongoing and they're sourcing here people familiar with the conversations. We saw Treasury Secretary Scott Besson on CNBC this morning saying a bailout package for farmers could come as early as Tuesday. Not clear whether that is a set in stone date for that bailout package, but clearly the details now taking shape behind closed doors and the Wall Street Journal reporting that's total dollar value here could be between 10 and 14 billion. Remember, some of those farmers have been really hard hit here because the Chinese have not ordered any soybeans at all from American farmers this year. That would normally be billions of dollars a year in transactions that those farmers are going without so far. So pretty dramatic impact on that sector.

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Trump explores bailout of at least $10 billion for U.S. farmers

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