Trump’s Trade Deal with China Brings Relief to American Farmers
On October 26, Treasury Secretary Scott Bessent announced a promising “very substantial framework” with Chinese Vice Premier He Lifeng to reduce trade tensions between the world’s two largest economies.
Speaking on ABC’s This Week, Bessent shared how President Trump’s tough negotiations led to China pausing its planned restrictions on rare earth exports while the U.S. shelved threats of 100% tariffs on Chinese goods. For American farmers and families grappling with the fentanyl crisis, this deal offers a glimmer of hope and tangible support.
“I think we’ve reached a substantial framework for the two leaders who will meet in Korea next Thursday,” Bessent said, referring to the upcoming Trump-Xi summit in South Korea. Last week, Trump sounded upbeat in the Oval Office, telling reporters, “I think we will make a deal.”
This agreement hits home for rural America. Bessent highlighted China’s commitment to buying U.S. crops, a boost for farmers who have struggled as Beijing turned to other suppliers.
“U.S. soybean farmers will feel very good about what’s going on both for this season and the coming seasons for several years,” he said, painting a brighter future for families who feed the nation.
Protecting Communities and Securing Supply Chains
The deal also takes aim at the fentanyl crisis, which has torn through American towns and cities. Bessent noted China’s promise to crack down on precursor chemicals driving the epidemic.
“We agreed that the Chinese would begin to help us with the precursor chemicals with this terrible fentanyl epidemic that’s ravaging our country. So I would say that it was a very good meeting overall,” he said. For parents and neighbors haunted by addiction’s toll, it’s a step toward safer streets.
By securing access to rare earth minerals, vital for everything from phones to fighter jets, the agreement keeps U.S. factories running and strengthens national security.
“The president had given me maximum leverage when he threatened 100% tariffs if the Chinese impose their rare earth global export control. So I think we have averted that,” Bessent explained. “We also agreed on substantial agriculture purchases for U.S. farmers.”
For workers in places like Ohio or Texas, where tech and defense jobs depend on these materials, this deal means stability and opportunity.
Trump’s Asia Tour Strengthens America’s Global Stand
This trade win is part of President Trump’s packed Asia tour, showcasing America’s leadership and commitment to its people. In Malaysia, he celebrated a peace deal between Cambodia and Thailand, echoing his success with the Abraham Accords. Next, he heads to Tokyo to meet Japan’s new Prime Minister Sanae Takaichi, aiming to bolster trade and security ties that create jobs back home.
The tour wraps in South Korea, where Trump will meet President Lee Jae-myung and speak at the Asia-Pacific Economic Cooperation summit in Gyeongju.
His Thursday sit-down with Xi Jinping could cement this trade framework, paving the way for more progress. For Americans, from farmers in the Midwest to families fighting for safer communities, Trump’s work abroad shows a leader rolling up his sleeves to deliver results that make the nation stronger.
Do you think President Trump will help strengthen relations between the U.S. and China? As always, let us know what you think by commenting down below!
