Trump, Bessent Hit Back At China’s Ag Purchase Pivot, Promise Farm Support Next Week
Following last week’s news of China’s massive shift away from American farmers in favor of Brazilian ones, the Trump administration is seeking financial support to mitigate the impact on U.S. farmers and plans to address the issue in upcoming trade talks with Beijing.
On Wednesday, President Trump wrote on Truth Social that U.S. farmers are “being hurt because China is, for negotiating reasons only, not buying,” adding, “We’ve made so much money on Tariffs, that we are going to take a small portion of that money, and help our Farmers.”
In fact, Beijing’s pivot to ag purchases in Brazil is merely one way to target Trump’s farm base, with hopes that the hybrid pressure campaign will force his supporters to push the president into concessions in the trade war. Trump, however, has stated that he would use tariff revenue to cushion American farmers.
Related:
China Pivots To Brazil, Squeezing U.S. Farmers As Trump Plans Relief Fund
Earlier today, Treasury Secretary Scott Bessent said U.S. farmers could see an announcement on a “substantial support” package as soon as Tuesday.
*BESSENT: NEWS COMING TUE. ON SUBSTANTIAL SUPPORT FOR US FARMERS
*BESSENT: UNFORTUNATE CHINA DECIDED USING SOY IN TRADE TALKS
*BESSENT: MET WITH TRUMP, ROLLINS YESTERDAY ON FARMER ISSUE https://t.co/xpPdlZPm71
— zerohedge (@zerohedge) October 2, 2025
Trump noted in the Truth Social post above that he will be meeting with Chinese President Xi Jinping in four weeks and will make Soybeans a “major topic of discussion.”
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Tyler Durden
Thu, 10/02/2025 – 14:40