Treasury Secretary Bessent says China to make huge US soybean buys

On the heels of the American president Donald Trump’s Throughout the assembly with Chinese language President Xi Jinping, Treasury Secretary Scott Bessent advised FOX Enterprise’ Maria Bartiromo that China has agreed to purchase hundreds of thousands of tons of U.S. soybeans within the coming years.

Throughout an look on “Mornings with Maria,” Bessent mentioned China agreed to purchase 12 million tons of the crop “throughout this season,” which he indicated “needs to be between now and…January.”

He then added that China can purchase not less than 25 million tons of soybeans yearly over the following three years.

US Treasury Secretary Scott Bessent speaks with members of the media exterior the White Home on Wednesday, October 22, 2025, in Washington, DC (Aaron Schwartz/CNP/Bloomberg by way of Getty Photos/Getty Photos)

Bessent mentioned he thinks Trump’s journey to Asia may finally deliver $2 trillion in funding to the US.

The president made stops in Malaysia, Japan and South Korea through the Asia tour.

President Donald Trump and Chinese language President Xi Jinping speak as they depart after a bilateral assembly at Gimhae Worldwide Airport, on the sidelines of the Asia-Pacific Financial Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025. (REUTERS/Evelyn Hockstein / Reuters Photographs)

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President Donald Trump revealed a prolonged Fact Social put up wherein he described his assembly with the Chinese language president as “actually superb.”

“I used to be deeply honored by President Xi permitting China to start buying large portions of soybeans, sorghum and different agricultural merchandise. Our farmers will likely be very blissful!” the president mentioned within the put up.

“Moreover, China has agreed to overtly and freely proceed the move of uncommon earth metals, crucial minerals, magnets, and many others. Very considerably, China has strongly said that they may work diligently with us to cease the move of fentanyl into our nation,” he famous.

“China additionally agreed that they may start the method of buying American vitality. Actually, a really large-scale transaction could happen involving the acquisition of oil and fuel from the Nice State of Alaska. Chris Wright, Doug Burgum and our respective vitality groups will meet to see if such an vitality deal may be labored out,” Trump mentioned within the put up.

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