China commits to buying $17 billion in US farm products
Donald Trump and Xi Jinping (photo: Getty Images)
White House said that China committed to purchasing $17 billion worth of agricultural products from the United States during 2026, 2027, and 2028, Reuters reports.
According to the statement, the $17 billion figure does not include China's commitment to purchase soybeans, which was agreed upon in 2025.
It was also said that China will cooperate with US regulators to lift the suspension of American beef processing facilities and restore poultry imports from US states recognized as free of bird flu.
Chinese Foreign Minister Wang Yi said last week that these councils will consider issues of market access for agricultural products and expand trade "under a reciprocal tariff-reduction framework."
What else is important to know
Reuters writes that after last year's reciprocal tariffs, which sharply reduced trade, US agricultural exports to China noticeably declined.
According to the US Department of Agriculture, exports in 2025 fell by 65.7% compared to the same period the previous year and amounted to $8.4 billion.
The agency also notes that since Trump's first term, China has significantly reduced its dependence on American agricultural products, purchasing about 20% of its soybeans from the United States in 2024, compared to 41% in 2016.
Trump's visit to China
On May 14, US President Donald Trump met with Chinese leader Xi Jinping. After this meeting, the sides agreed on mutual tariff reductions.
Also, after this meeting, the Chinese Foreign Ministry said that China and the United States hope for the quickest possible end to the war in Ukraine, and both countries are ready to play a key role in this issue.
