American farmers say Trump's trade agenda is killing sales
Share and Follow


() As Beijing effectively boycotts soybean imports in retaliation for President Donald Trump’s tariffs imposed on Chinese goods, U.S. farmers tell they’re caught in the middle.

U.S. Treasury Secretary Scott Bessent said Thursday the federal government would support American farmers in light of China’s refusal to buy soybeans and that an announcement would be made Tuesday.

“We’ve got their backs,” Bessent said on CNBC. He said the administration would work with the Farm Credit Bureau to make sure farmers have what they need.

But farmers who spoke with said that would only be a temporary fix.

“The American farmer, especially myself included, don’t want aid payments,” said Indiana soybean and corn farmer Brian Warpup. “We want to work. We work the land. We harvest the land. The worst thing that we could ever want is a handout.”

Grant Senesac, a third-generation Illinois farmer offered a similar appraisal of the situation.

“It sucks. We’re going to have a record, probably a record bean crop since I’ve started farming, and we’re not going to get hardly anything for it. It’s just kind of sad, you know,” he said. “And then, when you’re hearing about a check from the government, you’re like, ‘Well, you know, I want to be paid off of the job and the quality that I’ve done, not hoping for the best and thinking the best. It’s one of those things where we wish we had record yields with high prices. So that way we don’t have to get a bailout.”

After Trump imposed tariffs on Chinese goods, China responded with tariffs of its own, which now total up to 34% on U.S. soybeans. That makes soybeans from other countries cheaper.

China’s retaliatory tariffs also hit U.S. growers of sorghum, corn and cotton, and even geoduck divers have been affected. But soybeans stand out because of the crop’s outsized importance to U.S. agricultural exports. Soybeans are the top U.S. food export, accounting for about 14% of all farm goods sent overseas.

China has been by far the largest foreign buyer. Last year, the U.S. exported nearly $24.5 billion worth of soybeans, and China accounted for more than $12.5 billion. That compares with $2.45 billion by the European Union, the second-largest buyer. This year, China hasn’t bought beans since May.

The Associated Press contributed to this report.

Share and Follow
You May Also Like
Target's Thanksgiving meal deal drops below $20

Score a Thanksgiving Feast for Under $20 with Target’s New Meal Deal!

Thanksgiving is set to be more affordable this year, thanks to Target’s…
Manhunt launched for North Carolina man wanted in grandmother's murder, deputy stabbing, arson

Urgent Manhunt: North Carolina Suspect Sought for Shocking Murder, Deputy Stabbing, and Arson Rampage

In a rapidly intensifying search, U.S. Marshals have joined local authorities in…
Chicago churches, Animal Care and Control give out groceries, pet food to SNAP recipients amid government shutdown

Chicago Churches and Animal Care Unite: Essential Aid for SNAP Recipients During Government Shutdown

In Chicago, a spirit of unity is prevailing as various community organizations,…
Freeform's "25 Days of Christmas" returns Dec. 1 with holiday classics and new specials

Get into the Holiday Spirit: Freeform’s ’25 Days of Christmas’ Brings Back Beloved Classics & Fresh Festive Specials – Starting Dec. 1!

LOS ANGELES — The holiday season is set to sparkle once again…
Former Speaker Nancy Pelosi announces retirement after 37 years in House

Nancy Pelosi Steps Down: Reflecting on 37 Years of Service in the House

Rep. Nancy Pelosi has announced her retirement from Congress. On Thursday, the…
Police officers in border community get new authority to pursue law breakers

Border Patrol Boost: New Powers Granted to Police Officers to Tackle Crime

SUNLAND PARK, N.M. (Border Report) – Police in a border community adjacent…
Cardi B's boyfriend Stefon Diggs is father of model's baby, paternity test reveals

Shocking Paternity Test Results: Stefon Diggs Confirmed as Father Amidst Cardi B Drama

Stefon Diggs, known for his prowess on the NFL field and as…
Florida sheriff welcomes New Yorkers after Mamdani win: 'It can be the beginning of a new life'

Florida Sheriff Invites New Yorkers to Relocate Post-Mamdani Victory: ‘Start Anew in the Sunshine State

A Florida sheriff is encouraging New York City residents and NYPD officers…