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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 plans to discuss U.S. soybean purchases with Chinese leader Xi Jinping during their upcoming meeting at the APEC summit in South Korea at the end of October.
- The American Soybean Association urged Trump to focus on soybeans in trade talks with China, which has implemented tariffs on U.S. soybeans.
- Caleb Ragland, President of the American Soybean Association, indicated that retaliatory tariffs from China have led to zero sales of U.S. soybeans this crop marketing year.
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US farmers hit by trade war to get 'substantial' aid: Treasury chief
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.
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 Sources103
Leaning Left12Leaning Right14Center51Last UpdatedBias Distribution66% Center
Bias Distribution
- 66% of the sources are Center
66% Center
L 16%
C 66%
R 18%
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