US EditionBessent: U.S. ‘addressed’ soybean farmers’ concerns with China
Scott Bessent, also a soybean farmer, said trade talks with China have created a substantial framework to ease impacts of a boycott that cost $12.8 billion in 2024 sales.
- On September 15, 2025, U.S. Treasury Secretary Scott Bessent told reporters in Madrid he is 'actually a soybean farmer' and has 'felt this pain' from China pausing purchases.
- After President Donald Trump's trade actions, China halted purchases of U.S. soybeans, which accounted for nearly $12.8 billion in 2024 after buying more than half of U.S. soybean exports.
- Speaking to Martha Raddatz, Bessent said, `I think think we have addressed the farmer's concerns, and I'm not going to get ahead of the president, but I believe when the announcement of the deal with China is made public, that our soybean farmers will feel very good about what's going on both for this season and the coming seasons for several years.`
- Industry leaders welcomed the signals, while analysts noted Chinese crushers have stockpiled supplies covering this year and part of next, limiting immediate relief for American soybean farmers.
- Critics pointed out Bessent owns up to $25 million in North Dakota farmland earning $100,000–$1 million annually, despite claiming to be a soybean farmer, Sarah Longwell said.
14 Articles
14 Articles
Cabinet Secretary Worth $600M Roasted for Claiming to Be a Farmer
Scott Bessent—worth an estimated $600 million according to Forbes—wasn’t well-received when he identified himself as a fellow soybean farmer suffering under China’s boycott. The Secretary of the Treasury appeared on This Week Sunday, and spoke to host Martha Raddatz about the U.S. relationship with China alongside the impacts of tariffs, and shared that he related with the struggles of the working man more than people realized. Predictably, the …
'Doesn't feel the same pain': Scott Bessent ridiculed for claim to be a 'soybean farmer'
Scott Bessent, Donald Trump's Secretary of Treasury, was mercilessly mocked on Sunday after claiming to be "a soybean farmer" during an interview.Bessent appeared on ABC on Sunday, where he said, "Martha, in case you don't know it, I'm actually a soybean farmer, so I have felt this pain too."That se...
Bessent: U.S. ‘addressed’ soybean farmers’ concerns with China
Treasury Secretary Scott Bessent said Sunday that U.S. soybean exports to China were addressed during a meeting between the two sides in Malaysia. “I think we have addressed the farmers’ concerns,” Bessent told Martha Raddatz on ABC News’s “This Week,” of the meeting with Li Chenggang, China’s top trade negotiator, and Chinese Vice Premier He…
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