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

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.
- US Says China Agrees to Spend Billions on Agricultural Goods Yahoo Finance
- White House touts deals on soybeans and rare earths after Trump-Xi summit, while China talks up tariff cuts CNBC
- China agrees to boost trade for US ag products such as beef and poultry following Trump-Xi summit WRAL
- US says China to buy billions in agricultural goods after Trump-Xi talks Al Jazeera
- China agrees to billions in additional US farm purchases, White House says Politico
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