Treasury Secretary Scott Bessent hails US-China soybeans truce — but it could be too late for this year’s crop
PositiveU.S News

Treasury Secretary Scott Bessent has announced a significant agreement between the US and China, where China will purchase 12 million metric tons of US soybeans this season and commit to 25 million tons annually for the next three years. This truce is a positive development for American farmers, as it could help stabilize the agricultural market and boost exports. However, there are concerns that this agreement may come too late to benefit this year's crop, highlighting the ongoing challenges in international trade relations.
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