U.S. Treasury Secretary Scott Bessent discusses President Donald Trump’s Asia go to, the finalized US-China settlement, the federal government shutdown and the finalists of the Federal Reserve’s subsequent chairman.
On the heels of U.S. President Donald Trump’s assembly with Chinese language President Xi Jinping, Treasury Secretary Scott Bessent informed FOX Enterprise’ Maria Bartiromo that China has agreed to buy hundreds of thousands of metric tons of U.S. soybeans within the coming years.
Throughout an look on “Mornings with Maria,” Bessent stated China agreed to buy 12 million metric tons of the crop “throughout this season,” which he indicated is “between now and … ought to be January.”
He then added China can purchase at the least 25 million metric tons of soybeans every year through the subsequent three years.
Scott Bessent, U.S. treasury secretary, speaks to members of the media exterior the White Home in Washington, D.C., on Wednesday, Oct. 22, 2025 (Aaron Schwartz/CNP/Bloomberg by way of Getty Pictures / Getty Pictures)
Bessent stated that he thinks Trump’s journey to Asia could finally yield $2 trillion price of investments into the U.S.
The president made stops in Malaysia, Japan, South Korea, through the Asia tour.
President Donald Trump and Chinese language President Xi Jinping discuss 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, Oct. 30, 2025. (REUTERS/Evelyn Hockstein / Reuters Pictures)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
President Donald Trump issued a prolonged Fact Social put up through which he described his assembly with China’s president as “actually nice.”
“I used to be extraordinarily honored by the truth that President Xi licensed China to start the acquisition of large quantities of Soybeans, Sorghum, and different Farm merchandise. Our Farmers will probably be very blissful!” the president stated within the put up.
“Moreover, China has agreed to proceed the stream of Uncommon Earth, Important Minerals, Magnets, and so on., brazenly and freely. Very considerably, China has strongly said that they are going to work diligently with us to cease the stream of Fentanyl into our Nation,” he famous.
“China additionally agreed that they are going to start the method of buying American Vitality. The truth is, a really massive scale transaction could happen in regards to the buy of Oil and Gasoline from the Nice State of Alaska. Chris Wright, Doug Burgum, and our respective Vitality groups will probably be assembly to see if such an Vitality Deal will be labored out,” Trump said within the put up.
This can be a breaking information story and will probably be up to date.