China Aims to Buy $17 Billion in U.S. Farm Goods Annually Through 2028

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Source: Yahoo Finance
China Aims to Buy $17 Billion in U.S. Farm Goods Annually Through 2028
Photo: Yahoo Finance
TL;DR Summary

At the Beijing summit, the White House says China pledged to purchase at least $17 billion of U.S. agricultural products annually through 2028, in addition to prior soybean commitments; China’s readout says talks include measures like mutually cutting levies, but no tariff details were released and Trump says tariffs weren’t discussed. Analysts warn the pledge may be hard to fulfill given past Phase One targets. U.S. ag exports to China were about $24 billion in 2024, with 2025 shipments to China at roughly $8.3 billion amid tensions. The talks also touched on restoring beef and poultry market access and plan for Xi’s U.S. visit this fall.

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