Farmers are a key political support base for President Donald Trump, but have been caught in the crossfire as Washington and Beijing traded barbs. US Treasury Secretary Scott Bessent signaled Thursday that "substantial support" for farmers would be announced next week, particularly for those growing soybeans, as they struggle with fallout from President Donald Trump's trade conflicts. "You should expect some news on Tuesday on substantial support for our farmers, especially the soybean farmers," Bessent told CNBC early Thursday. The Wall Street Journal also reported Thursday that President Donald Trump is mulling $10 billion or more in aid to American farmers as the trade tensions take a toll. Bessent did not provide figures in his interview with CNBC either, but said: "They've had President Trump's back, and we've got their back."