Bessent: China is reaching ‘correct cadence’ to complete promised US soybean purchases
U.S. Treasury Secretary Bessent said he was very optimistic about the U.S. economy next year, given increased capital investments, but said interest rate cuts were needed given a weakening in certain sectors including housing.
Bessent told the New York Times Dealbook summit that China was on track to complete its commitments under a U.S.-China trade agreement, including the purchase of 12 million metric tons of soybeans, which he said would be finished by the end of February 2026.
“I will say that China is on track to keep every part of the deal, every part of the deal,” he said.
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