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Bessent Promises 'Substantial Support' for Soybean Farmers
Trump plans to address China's halt on buying over 60% of U.S. soybeans, which caused a 23% drop in exports and severe financial strain on American farmers, at the APEC meeting.
- President Donald Trump announced financial aid for soybean farmers affected by tariffs, stating, "We’re going to take a small portion of that money, and help our Farmers."
- China has stopped purchasing U.S. soybeans due to ongoing trade negotiations, which Trump claims is a 'negotiating' tactic.
- Trump plans to discuss soybeans and trade negotiations with China's President Xi Jinping in a meeting in four weeks.
- Senator Chuck Grassley criticized financial aid to Argentina, arguing it undermines American soybean prices and expressing American farmers' anger over this issue.
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Treasury Sec. Bessent: Expecting 'Pretty Big Breakthrough' With China
·Washington, United States
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US to support soybean farmers amid China lag, expect news Tuesday, Bessent says
U.S. Treasury Secretary Scott Bessent said on Thursday that the federal government would support American farmers in light of China's refusal to buy soybeans and that an announcement would be made on Tuesday.
·United Kingdom
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Total News Sources65
Leaning Left11Leaning Right8Center39Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 19%
C 67%
14%
Factuality
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