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US says China to buy billions in agricultural goods after Trump-Xi ...
China will buy ‘at least’ $17bn worth of US agricultural goods annually, the White House says.China will buy “at least” $17bn worth of agricultural goods from the United States annually following US President Donald Trump and Chinese leader Xi Jinping’s summit in Beijing, the White House has said.China will make the purchases through 2028, with the 2026 target applying to the remainder of the year on a proportionate basis, according to a fact sheet released on Sunday.Recommended Stories list of 4 itemslist 1 of 4Israel kills at least five in Lebanon after ‘ceasefire’ extendedlist 2 of 4‘Won’t be anything left’: Trump issues threat to Iran amid stalled talkslist 3 of 4Trump holds prayer rally to ‘rededicate’ US as ‘one nation under God’list 4 of 4Pakistan interior minister holds talks with Iranian president in Tehranend of listThe White House said the deal is in addition to China’s commitment to buy at least 87 million metric tonnes of US soya beans, which was made at Trump and Xi’s summit in South Korea in October.China will also restore market access for US beef by renewing the expired listings of more than 400 production facilities, and resume imports of poultry from states determined by the US Department of Agriculture to be free of avian influenza, according to the fact sheet.Trump and Xi also agreed to establish two new bodies – the US-China Board of Trade and the US-China Board of Investment – to manage trade and investment between the sides, the White House said.China has yet to confirm or comment on the White House’s announcement.The Chinese Embassy in Washington, DC, did not immediately respond to a request for comment.The White House’s update provides further clarity on the outcome of Trump and Xi’s two-day summit, which was heavy on pageantry and camaraderie but light on concrete agreements.During their two days of talks in Beijing, Trump and Xi sought greater alignment on economic issues and trade, while largely skirting the sensitive issues of Taiwan and the US-Israel war on Iran.In a readout after the summit wrapped up on Friday, the White House said the two sides had discussed ways to “enhance economic cooperation”, and that they agreed on the need to keep the Strait of Hormuz open and that Iran “can never have a nuclear weapon.”Beijing did not explicitly state that Iran should not have nuclear weapons, but stressed the importance of reaching “a settlement on the Iranian nuclear issue and other issues that accommodates the concerns of all pa...
Will China buy billions in U.S. farm goods after Trump-Xi summit?
WASHINGTON, May 15, 2026 - The United States said Friday that China is expected to commit to purchasing "double-digit billions" of U.S. agricultural products following the latest summit between President Donald Trump and Chinese President Xi Jinping in Beijing, a move that could significantly reshape global grain markets and improve prospects for American farmers ahead of the next harvest season.U.S. Trade Representative Jamieson Greer confirmed the expectations after meetings tied to the Trump-Xi summit, emphasizing that the agreement would go far beyond soybeans and could strengthen the broader U.S. farm economy at a time of volatile commodity prices, elevated input costs and ongoing uncertainty in global trade flows.Trump administration bets on agriculture exportsThe Trump administration is betting heavily on agriculture once again as a strategic pillar in negotiations with Beijing. According to Greer, the White House expects China to sign agreements worth tens of billions of dollars annually in agricultural purchases over the next three years, potentially delivering a major boost to U.S. producers and grain exporters.The announcement builds on an existing soybean commitment reached in October, under which China agreed to import 25 million metric tons of soybeans annually from the United States. Market analysts estimate that deal alone could surpass $10 billion in value, depending on futures prices and export premiums.Greer stressed that the anticipated agreement would include a much broader basket of agricultural commodities beyond soybeans, likely incorporating products tied to the livestock feed, grains and food processing sectors. The comments immediately captured attention across the U.S. farm belt, where producers continue monitoring export demand amid concerns about farm profitability and fluctuating global supply chains.President Trump reinforced the administration's position during an interview aired Thursday night on Fox News, saying that "China will buy a lot of our farm products." However, neither the White House nor trade officials provided detailed information about which commodities would be included or whether new volume targets would exceed the current soybean framework.Soybeans remain central to U.S.-China tradeSoybeans remain the cornerstone of U.S.-China agricultural trade. China is by far the world's largest soybean importer, and purchases from the United States are critical for American farm revenues, export balances and commodity ...
US Says China Agrees to Spend Billions on Agricultural Goods
(Bloomberg) -- China has agreed to purchase at least $17 billion of agricultural products from the US annually through 2028, the White House said in a fact sheet detailing President Donald Trump ...
White House: China to buy at least $17B in US agricultural products per ...
The White House said Sunday that China is set to purchase at least $17 billion in agricultural products from the U.S. per year, a move that comes after President Trump's recent China trip. In a ...
