Soybeans that is. Because of Trump's tariffs, China is not buying American soybeans from North Dakota farmers. This affects the farmers, their supply chains and the banks that make agricultural loans.
Of course, since the Trump Administration is involved, there are conflicts of interest, as reported in the article.
"Those talks are being anchored by Treasury Secretary Scott Bessent, whom Mr. Trump has put in charge of negotiating and securing a favorable trade deal with China. A win would undoubtedly curry favor with Mr. Trump. But in a strange twist, it could also help Mr. Bessent financially.
The Treasury Secretary owns thousands of acres of North Dakota farmland, worth up to $25 million. The properties grow soybeans and corn in a state that exports most of its agricultural products to China. The investments have earned Mr. Bessent as much as $1 million in rental income annually, according to his financial disclosure filings."
He was supposed to divest himself of these investments, but so far has failed to do so. "Only the best people" says Mr. Trump....