Besent has spoken out, and some of the agreements between China and the US have been exposed by the US! On October 26, US Treasury Secretary Besent said in an interview that President Trump threatened to impose 100% tariffs on October 1, which gave me a great negotiating leverage - I believe we have already reached a very substantial framework that can avoid this situation, and allow us to discuss many other things with China. So I think we have avoided this situation.

Besent said, I believe we have already resolved the concerns of farmers - I will not get ahead of the president, but I believe when the news of the agreement with China is announced, our soybean farmers will feel very good. Obviously, from Besent's remarks, at least two areas of consensus have been reached between China and the US. First, the US will no longer impose 100% tariffs on us. Second, as Besent said, we will resume purchasing American soybeans.

Certainly, we are also very clear that what Besent said is all favorable news for the US, and given the current state of Sino-US rivalry, it is impossible for us to unilaterally make concessions to the US. Therefore, since the US has obtained what they wanted, it means that the US must have made concessions on our concerns. After the meeting, our representatives mentioned issues such as the Fentanyl tariff and Fentanyl anti-drug cooperation, further expanding trade issues, and related measures of the US 301 ship charges.

This means that the US must respond to us on the above issues. Undoubtedly, if the situation develops in this direction, it is undoubtedly a positive signal, because it means that China and the US are on the right track to resolve differences. Of course, it must be pointed out that the US has repeatedly changed its position on tariff negotiations, and it is not certain that the US may again do backdoor tricks and extort us. Therefore, how much the US fulfills its promises will be the most important thing for us.

Original: www.toutiao.com/article/1847056028497225/

Statement: This article represents the personal views of the author.