Agriculture Secretary Sonny Perdue. Photo: Alex Wong/Getty Images

Agriculture Secretary Sonny Perdue said Tuesday the U.S. government would pay a minimum of $15 per acre in aid to farmers impacted by President Trump’s trade war with China, Reuters reports.

Why it matters: The trade war has been crippling for U.S. farmers. Illinois Soybean Association CEO Craig Ratajczyk told Reuters the $15-per-acre minimum would make agricultural lenders more comfortable and "help provide some type of stability for that type of lending institution."

Details: The Market Facilitation Program payments would make up the bulk of a $16 billion trade aid package that the Trump administration announced in the spring to compensate farmers hurting from the trade war with China, according to AgriPulse. Perdue told reporters he'd release more information later this week, per AgriPulse.

"We are anticipating right now 3 tranches obviously, with about probably 50% or a minimum of $15 an acre initially. The other 2 tranches would be anticipating any market changes or looking at any market changes going forward."
— Agriculture Secretary Sonny Perdue

The big picture: Trade tensions with China appeared to ease during the G20 summit last month, where Trump and Chinese President Xi Jinping agreed to restart stalled talks. Trump said he wouldn't put new tariffs on China for the "time being." He said this month China was not fulfilling promises to buy U.S. farm goods, Reuters notes.

Go deeper: U.S. farmers fight to save Chinese soybean relationships

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Florida smashes single-day record for new coronavirus cases

People celebrate Independence Day by visiting the beach on July 4, 2020 in Cocoa Beach, Florida. Photo: Paul Hennessy/NurPhoto via Getty Images

Florida reported 15,299 confirmed coronavirus cases on Sunday — a new single-day record for any state, according to its health department.

The big picture: The number smashes both Florida's previous record of 11,458 new cases and California's record of 11,694 set last week, according to AP. It also surpasses New York's peak of 11,571 in April, and comes just a day after Disney World reopened in Orlando.

Pelosi: Trump is "messing with the health of our children" with push to open schools

House Speaker Nancy Pelosi said on CNN's "State of the Union" Sunday that Education Secretary Betsy DeVos' aggressive push to fully reopen schools this fall is "malfeasance and dereliction of duty," accusing the Trump administration of "messing with the health of our children."

Why it matters: Trump has demanded that schools reopen as part of his efforts to juice the economy by allowing parents to return to work, despite caution from health officials that little is known about how the virus impacts children.

Updated 44 mins ago - Health

Betsy DeVos: Schools that don't reopen shouldn't get federal funds

Education Secretary Betsy DeVos told "Fox News Sunday" that public schools that don't reopen in the fall should not get federal funds, and that the money should be redirected to families who can use it to find another option for their children.

Why it matters: The Trump administration is engaged in a full-court press to reopen schools this fall, despite warnings from some public health officials that the coronavirus outbreak is out of control in many states and that it will be difficult for many schools to reopen safely.