- Joined
- May 16, 2023
- Messages
- 42,763
- Points
- 113
Scott Bessent says he’s ‘felt this pain’ from China because ‘I’m actually a soybean farmer’
PUBLISHED SUN, OCT 26 202512:15 PM EDT
Dan Mangan@_DANMANGAN
WATCH LIVE
KEY POINTS
- Treasury Secretary Scott Bessett said he has “felt pain” from China refusing to buy American soybeans during a trade conflict with President Donald Trump.
- “I’m actually a soybean farmer,” he told ABC News’ “This Week.”
- Bessent said recent trade negotiations with China led to a “substantial framework” that he believed would alleviate American soybean farmers’ concerns about the boycott.
- China bought more than half of the U.S.-grown soybeans in 2023 and 2024.
U.S. Treasury Secretary Scott Bessent speaks to the press, on the day of U.S.-China talks on trade, economic and national security issues, in Madrid, Spain, September 15, 2025.
Violeta Santos Moura | Reuters
Treasury Secretary Scott Bessett said Sunday he, too, has “felt pain” from China refusing to buy U.S.-grown soybeans during a trade conflict with President Donald Trump because “I’m actually a soybean farmer.”