New Delhi, Dec. 9 -- US President Donald Trump on Monday announced a $12 billion farm aid package to support American farmers who have struggled to sell their crops amid rising costs arising out Washington's trade war with Beijing.

Trump unveiled the plan with Treasury Secretary Scott Bessent, Agriculture Secretary Brooke Rollins, and several lawmakers and farmers in attendance at a White House roundtable.

Calling the package "vital action to protect and defend American farmers", Trump said that the aid package would be bankrolled by income from increased US tariffs on foreign products.

"We love our farmers, and as you know the farmers like me," Trump said during the White House roundtable, adding, "$12 billion is a lot of money."

Reu...