Treasury Secretary Scott Bessent said he has divested his soybean farm holdings and acknowledged that, despite China’s commitment to buy more U.S. agricultural products, farmers still need support from the federal government.
“I’m involved in the agriculture industry. I run a soybean farm,” Bessent said on Dec. 7 during an appearance on CBS’s “Face the Nation” program, while discussing the difficult year faced by U.S. farmers after China drastically cut purchases of American agricultural products, particularly corn and soybeans, in retaliation for Trump administration tariffs.
“I actually just divested it this week as part of my ethics agreement, so I’m out of that business.”…