US says China to buy billions in agricultural goods after Trump-Xi talks
Summary
China will buy at least $17 billion worth of agricultural goods from the United States each year through 2028, following talks between President Donald Trump and Chinese leader Xi Jinping. The deal also includes restoring market access for US beef and poultry and setting up new boards to manage trade and investment between the two countries.Key Facts
- China agreed to buy at least $17 billion in US agricultural products annually until 2028.
- The 2026 purchase target applies proportionally for the remainder of the year.
- China will buy at least 87 million metric tonnes of US soybeans as part of a previous agreement from October.
- China will allow imports of US beef from over 400 production facilities whose listings had expired.
- Imports of US poultry will resume from states free of avian influenza, determined by the US Department of Agriculture.
- President Trump and Xi Jinping agreed to create two new groups: the US-China Board of Trade and the US-China Board of Investment.
- The Chinese government has not yet confirmed or commented on the White House announcement.
- US-China trade in goods was about $415 billion last year, down from over $690 billion in 2022.
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