Speaking with Martha Raddatz on ABC News’ “This Week,” treasury secretary Scott Bessent said “I’m actually a soybean farmer” and that he, too, has “felt pain” from China refusing to buy U.S.-grown soybeans during a trade conflict with Trumpedo.

Umm, err.

Bessent's net worth is estimated by Forbes to be around $600 million.

His farmland generates between $100,000 and $1,000,000 annually.

Poor guy must be suffering something fierce.

Maybe Dope1 will come along and tell us how this is actually a Norm MacDonald joke.

Or something.

Before Trumpedo's brilliant trade wars, China in 2023 and 2024 bought more than half of the soybeans grown in the U.S., accounting for nearly $12.8 billion in 2024. Today, China isn't buying jack squat from American farmers.

Yeah, brilliant.

Bessent told Raddatz that a deal with China was on the way to rescue farmers.

Sometime.

Soon.

cnbc.com - Trump treasury bessent trade tariffs china soybean farm