China To Delay Rare Earths Rules By A Year, Buy United States Soybeans: Treasury Secretary Scott Bessent

Last Updated:October 26, 2025, 21:08 IST

Scott Bessent states China might resume United States soybean purchases and hold-up unusual earth guidelines. Trump and Xi Jinping to satisfy in South Korea to deal with trade war.

United States Treasury Secretary Scott Bessent on Sunday stated that China will likely restore significant purchases of soybeans from the United States for a number of years and will even postpone the guidelines on unusual earths by a year.

In an interview with ABC’s “This Week” programme, Bessent said that after President Donald Trump and Xi Jinping’s upcoming meeting US soybean farmers “will feel very good about what’s going on both for this season and the coming seasons for several years”

In another interview with NBC’s “Meet journalism”, he said that after Thursday’s meeting the new 100% tariff on Chinese goods will likely be removed.

Trump reached Malaysia on Sunday for a summit of the Association of Southeast Asian Nations (ASEAN), his first stop in a five-day Asia tour. During his trip, the President will meet his Chinese counterpart, Xi Jinping, in South Korea.

Their meeting on Thursday aims to resolve the trade war that has roiled global markets this year, especially following disputes over rare earth minerals.

According to France 24, while the White House has officially announced the highly anticipated Trump-Xi talks, Beijing has yet to confirm that the two leaders will meet.

Trump initially threatened to cancel the meeting and impose new tariffs over the minerals dispute but later confirmed it would go ahead. “The President is most interested in discussing the trade and economic relationship,” a senior United States authorities stated. Trump himself kept in mind that fentanyl trafficking would likewise top the program, as his administration continues to push Beijing to suppress the circulation of controlled substances.

Trump has actually likewise revealed interest in conference North Korean leader Kim Jong Un throughout his see to South Korea.

The trip comes amidst a United States federal government shutdown, with lots of federal employees missing out on paycheques, flight interruptions, and looming cuts to food help. Senate Democratic leader Chuck Schumer criticised the timing, stating, “America is closed down and the President is avoiding town.” Despite the domestic crisis, Trump appears to be pushing ahead with his foreign engagements and trade priorities.

News world China To Delay Rare Earths Rules By A Year, Buy US Soybeans: Treasury Secretary Scott Bessent

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