U.S. Treasury Secretary Scott Bessent discusses President Donald Trump’s Asia visit, the finalized US-China agreement, the government shutdown and the finalists of the Federal Reserve’s next chairman.
On the heels of U.S. President Donald Trump’s meeting with Chinese President Xi Jinping, Treasury Secretary Scott Bessent told FOX Business’ Maria Bartiromo that China has agreed to purchase millions of metric tons of U.S. soybeans in the coming years.
During an appearance on “Mornings with Maria,” Bessent said China agreed to purchase 12 million metric tons of the crop “during this season,” which he indicated is “between now and … should be January.”
He then added China should purchase at least 25 million metric tons of soybeans each year during the next three years.
Scott Bessent, U.S. treasury secretary, speaks to members of the media outside the White House in Washington, D.C., on Wednesday, Oct. 22, 2025 (Aaron Schwartz/CNP/Bloomberg via Getty Images / Getty Images)
Bessent said that he thinks Trump’s trip to Asia may ultimately yield $2 trillion worth of investments into the U.S.
This is a breaking news story and will be updated.
