Treasury Secretary Scott Bessett said Sunday he, too, has "felt pain" from China refusing to buy U.S.-grown soybeans during a trade conflict with President Donald Trump because "I'm actually a soybean farmer."

Bessent's comment came during an interview with ABC News' "This Week," where he said that trade negotiations with China in the past two days had led to a "substantial framework" that he believed would alleviate American soybean farmers' concerns about the boycott.

Trump is set to meet later this week with Chinese President Xi Jinping in South Korea.

Bessent, a former hedge fund executive whose net worth is estimated by Forbes to be around $600 million, was asked about the soybean boycotts on "This Week" host Martha Raddatz, who noted that "American farmers have

See Full Page