WASHINGTON (AP) — China has agreed to purchase 25 million metric tons of U.S. soybeans annually as part of an agreement reached by its leaders, Treasury Secretary Scott Bessent said Thursday.

Bessent said“So you know, our great soybean farmers, who the Chinese used as political pawns, that’s off the table, and they should prosper in the years to come,” Bessent said in an interview on Fox Business Network’s “Mornings with Maria.” He said the agreement lasts for three years.

Iowa Secretary of Agriculture Mike Naig issued the following statement after the Trump Administration made a new trade announcement regarding China:

“This is great news for Iowa farmers and our ag economy. Expanded soybean purchases by China will make a meaningful impact at a time when many farmers are feeling the pai

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