China agrees to purchase 25 million metric tons of U.S. soybeans annually, treasury secretary says
President Donald Trump, left, and Chinese President Xi Jinping, right, shake hands after their U.S.-Chin summit meeting at Gimhae International Airport Jinping in Busan, South Korea, Thursday, Oct. 30, 2025. Credit: AP/Mark Schiefelbein
WASHINGTON — China has agreed to purchase 25 million metric tons of U.S. soybeans annually as part of an agreement reached by its leaders, Treasury Secretary Scott Bessent said Thursday.
Bessent said China will start by purchasing 12 million metric tons of soybeans from the U.S. between now and January.
“So you know, our great soybean farmers, who the Chinese used as political pawns, that’s off the table, and they should prosper in the years to come,” Bessent said in an interview on Fox Business Network’s “Mornings with Maria.” He said the agreement lasts for three years.
Luxe apts. got tax break without affordable housing ... Suburban voters and midterms ... LI employs 90% of highest paid government employees ... County on hook for $70M for dangerous intersection
Luxe apts. got tax break without affordable housing ... Suburban voters and midterms ... LI employs 90% of highest paid government employees ... County on hook for $70M for dangerous intersection
