China to Buy at Least $17 Billion in US Ag Products Annually Through 2028
Quick Look
- China has committed to purchasing at least $17 billion in US agricultural products annually until 2028, following a summit between Presidents Trump and Xi.
- This agreement, announced by the White House, is separate from prior soybean commitments and includes potential tariff reductions on mutual concerns.
AI-generated summary
China has agreed to buy at least US$17 billion in US agricultural products annually through 2028, the White House said on Sunday.
The commitment resulted from the summit between US President Donald Trump and Chinese President Xi Jinping last week and will be in addition to soybean purchase commitments that were made in October 2025, according to a fact sheet released by the White House.
Trump concluded his highly-anticipated state visit to China on Friday, during which he discussed topics spanning trade, Taiwan and Iran with Xi.
The White House statement came a day after China’s Ministry of Commerce disclosed some of the trade outcomes Beijing and Washington had reached during the summit.
In a statement on Saturday, the ministry said the US and China would discuss tariff reductions through a newly established trade board, and had “agreed in principle to lower tariffs on products of respective concern on a comparable scale”.
The products would include agricultural goods, the ministry said.
