Select Language:
China has pledged to buy a minimum of $17 billion worth of U.S. agricultural products in 2026, 2027, and 2028, according to a fact sheet released by the White House on Sunday.
This pledge was made during meetings last week between President Donald Trump and President Xi Jinping. The $17 billion amount excludes the soybean purchase commitments that China announced in October 2025.
U.S. agricultural exports to China saw a significant decline last year due to a series of retaliatory tariffs, falling 65.7% compared to the previous year to $8.4 billion in 2025, based on data from the U.S. Department of Agriculture. Since Trump’s first term, China has considerably decreased its dependence on U.S. farm products, sourcing about 20% of its soybeans from the U.S. in 2024, down from 41% in 2016.
The White House also announced that China plans to collaborate with U.S. regulators to lift bans on U.S. beef processing plants and resume poultry imports from states deemed free of avian influenza. Furthermore, both nations will set up a U.S.-China Board of Trade and a U.S.-China Investment Board to address market access issues for agricultural goods and foster trade growth through a framework of reciprocal tariff reductions, according to Chinese Foreign Minister Wang Yi last week.
ChatGPT
Perplexity
Gemini AI
Grok AI
