Thanks to Trump’s tariff wars, China has essentially stopped buying American soybeans, dealing a significant financial blow to American farmers. China used to purchase 54 percent of the U.S. soy crop, but since the Trump administration imposed punishing tariffs on the nation, China has all but ceased buying American soy, getting their soy from Brazil instead.
Confronted with this fact by host Martha Raddatz on ABC’s This Week , Trump Treasury Secretary Scott Bessent — a former hedge fund manager who boasts a net worth of more than $500 million and who rents $25 million in farmland out to soybean farmers — tried to paint himself as the common farmer who understands American farmers’ “pain.”
“China has been boycotting American soybeans and American farmers have really suffered. Do yo

Rolling Stone

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