China used to buy over 50% of soybeans raised by U.S. farmers during the past five years. But now, China isn’t buying any due to President Donald Trump’s escalating trade war and tariffs.
When asked about it on CNBC’s Squawk Box, out gay Treasury Secretary Scott Bessent claimed that during a May 2025 meeting in Geneva, Switzerland, a Chinese government official told him that former President Joe Biden is to blame.
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Gay Treasury Secretary Scott Bessent threatens to punch colleague “in the fu**ing face”
Online commenters aren’t buying Bessent’s story.
“At the meeting in Geneva when I asked them, ‘Why didn’t you continue buying soybeans and the other products?’ They had one word. Guess what it was? Biden,” Bessent said during his Thursday appearance on Squawk Box, before smirking.
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Even the show’s host, Joe Kernen, responded, “That sounds like malarky. C’mon, man.”
Put another way, Bessent is claiming that China bought U.S. soybeans when Joe Biden was president, up through 2024, but then stopped in 2025 when Trump became president, and this is somehow Biden’s fault.
In reality, Trump imposed tariffs on Chinese imports, and China responded with retaliatory tariffs on U.S. exports. The U.S. imposed a 145% tariff on all Chinese goods, and China imposed a 125% tariff on American goods in response. The tariffs have been frozen until November, pending upcoming trade talks between the two nations, Reuters reported.
The situation has become so dire that the U.S. is considering spending $10 billion to bail out U.S. soybean farmers who will be ruined if China refuses to buy their crops.
In response to Bessent’s claim, one commenter on the social media platform X posted a chart showing that U.S. soybean sales to China reached a high near the November 2024 U.S. presidential elections and then decreased to nothing following Trump‘s re-election.
Checks out https://t.co/wAz0Tf1dr6 pic.twitter.com/VO9wW7WNQK
— Andrew (@andyl2632) October 3, 2025
Others expressed disbelief and disappointment over Bessent’s claim.
Smirk on his face, he thinks yall are stupid https://t.co/cAdgz0aJ0w
— toto (@t0tesss) October 3, 2025
I’m old enough to remember when all the Wall Street types and finance bros thought this gay lying jackass was an outstanding choice for Treasury Secretary.
What an embarrassment he is. https://t.co/yECsCGXmAM
— jethro.
(@studiojethro) October 3, 2025
Their lies are just lazy at this point https://t.co/qFvW45lxq8
— Elle is sick of your shit (@NoMa1arkey) October 3, 2025
Even a small percentage of the maga population is buying that bullshit.
I mean how does maga feel that their leaders treat them like the dumbest motherfuckers in the world. https://t.co/hCRq9MFjNB
— My Name is Coffee… (@dividedme1) October 3, 2025
The Blatant lies from this creepy Administration get bigger on a daily basis. Bessent is always off the charts. #tariffs https://t.co/GC1e8tMNPZ
— Lisa #TeslaTruth (@TeslaLisa) October 3, 2025
It would be so super great if the media didn’t treat the Treasury secretary point blank lying on national TV like a joke https://t.co/H3IoEekvnK
— Jen Monroe (@thatjenmonroe) October 3, 2025
At this point, I guess we are all qualified to be Secretary of Treasury! https://t.co/qhZEAhb2xQ
— Priya Shankar (@galfromCBE) October 3, 2025
I’d like to think he’s not lying and that instead the Chinese diplomat is a super hilarious troll messing with him hahahaha https://t.co/4Mw0qaPPtV
—
Del Zero (@delegad0zer0) October 3, 2025
totally, they totally started doing that during his presidency and not because Donald Trump attempted to raise tariffs on them. https://t.co/Wyg0PFLXgA pic.twitter.com/0rFcuv2DKQ
— MPekkaTua (@NGofthejungle) October 3, 2025
Bessent: I witnessed someone falling down the stairs today. Do you know what the first word that came out of the man’s mouth when he stood up? BIDEN. https://t.co/uMY6oPVZqt pic.twitter.com/OakIHV5qh0
— Nukay (@Nu_kayz) October 3, 2025
BS BS BS This is infuriating and pathetic. They'll say it over & over & over w/o shame & assume people will start believing it. Is this what he wanted to grow up to do with his time on earth, to lie for a corrupt greed-mad craven criminal? https://t.co/VOgkL3t4YM
— claire silvers (@clsilvers) October 3, 2025
Chińczycy
przestali kupować
soję przez ponowną wojnę handlową Trumpa. Ale wszystkiemu winny jest Biden, mimo że za jego prezydentury
I co teraz proponuje Trump, który znacząco pogorszył sytuację
Skąd my to znamy… https://t.co/nwa6Gw22Xj
— Mirosław Marciniak InfoGrain (@infograin_m) October 3, 2025
What an idiot. They were buying soy when Biden was president – they are lying to the #MAGAMorons. If he fools you with this anemic, fragile lie. That is on you. He is playing you for a fool because of demented TACO tariffs. #TrumpHasDementia & this guy can't even get up a lie. https://t.co/3wNBWE9zfD
— merryone (@merryone15) October 3, 2025
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