Hundreds of thousands of American soybean farmers are suffering from a monthslong effective embargo by China as part of a global trade war. Among them: Treasury Secretary Scott Bessent.
“I’m actually a soybean farmer,” Bessent said over the weekend in an ABC News interview. “I have felt this pain, too,” he told Martha Raddatz.
China, usually the largest buyer of American soybeans by far, significantly increased tariffs on the legumes in May after President Donald Trump enacted import levies on Chinese goods.
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