
AI-generated summary
The soybean deal was a key outcome of the trade truce reached in Busan, South Korea, last year and was expanded after another leaders' meeting in May in Beijing to include China's promise to buy at least $17 billion worth of US agricultural products annually for the next three years.
The Trump administration on Wednesday said that China is on track to meet its agricultural purchase commitments, with the sector expected to feature prominently in the deliverables for US President Donald Trump and Chinese President Xi Jinping’s talks in Washington later this month.
“China is ramping up their purchases,” said Luke Lindberg, the US Under Secretary for Trade and Foreign Agricultural Affairs at the US Department of Agriculture (USDA). “We’re seeing that progress happen.”
Speaking at a Council on Foreign Relations event, Lindberg added that China is on track to buy US$17 billion worth of US agricultural products this year, in addition to soybeans, which he said would bring annual sales to US$30 billion.
He noted that China had already met its commitment to buy 12 million metric tonnes of US soybeans in the 2025 season and is “on track right now” to meet the agreed-upon target of 25 million metric tonnes this year.
In the run-up to Xi’s visit, USDA flash reports show a rise in soybean exports to China, crossing 700,000 metric tonnes in the first nine days of September.
The soybean deal was a key outcome of the trade truce reached in Busan, South Korea, last year and was expanded after another leaders’ meeting in May in Beijing to include China’s promise to buy at least US$17 billion worth of US agricultural products annually for the next three years.
AI outlook — possibilities, not facts
China will meet its commitment to buy 25 million metric tonnes of US soybeans in 2026
Likely · Within months
US-China agricultural talks will proceed constructively during Xi's visit to Washington later this month
Possible · Within weeks

China's electric vehicle adoption rate reached a record 65.2% of the 1.54 million cars sold last month, up from 65.1% the previous month, driven by consumer confidence in EV benefits and rising fuel costs linked to the Iran war, according to CPCA data and dealer Zhao Zhen.

U.S. prosecutors accused Huawei in federal court in Brooklyn, New York, of conspiring to steal trade secrets from five U.S. companies, including Cisco network router source code and T-Mobile robotic arm technology, in order to gain an unfair competitive advantage and expand its global telecommunications business. Huawei defends itself by saying its success comes from competition and innovation, not criminal conduct.

After U.S. Transportation Secretary Duffy publicly criticized Ford Motor Co.'s business dealings with Chinese battery manufacturers CATL, Geely and BYD, Republican members of Congress also joined in the criticism. Duffy was concerned about Ford's cooperation with CATL, which is on the Pentagon's list, and criticized Ford's late schedule for moving Lincoln Nautilus production from China back to the United States. Ford responded by saying that Duffy's letter was a wrong move to gain publicity and emphasized that it was investing in building factories in the United States. This incident occurred on the eve of the U.S.-China heads of state meeting, and at the same time, the U.S. Congress pushed to restrict the import of Chinese-made cars. Ford shares fell about 2% during the session.

The Business Research Institute and the Czech Small and Medium Enterprises Association signed a letter of intent for cooperation in Prague, aiming to promote cooperation between Taiwan and the Czech Republic in forward-looking industries such as drones, medical care, and semiconductors. The two parties will use their complementary advantages to assist Taiwanese manufacturers in deploying the European market using the Czech Republic as a hub, and guide Czech companies to deepen their exploration into Taiwan and Asian markets.

Xie Jinhe, chairman of Caixin Media, pointed out that this year there are three companies in Taiwan whose stock prices have exceeded 10,000 yuan, two of which are from Kaohsiung, namely ABF carrier plate vacuum molding machines produced by Yingwei, Wanrun and Changguang. He pointed out that the AI transformation policy spearheaded by Kaohsiung Mayor Chen Chi-mai has attracted major semiconductor companies such as TSMC and ASE to drive industrial upgrading. At the same time, he warned that most companies that have been deeply involved in the Chinese market in the past have struggled. Taiwan's investment in China has dropped from 96.4% in 2012 to 0.74% in the first quarter of this year. Funds are rapidly moving out of China. If local leaders and companies are still obsessed with the "Chinese Dream," the economic trough may last for a long time.

The article explains that when flights are delayed or canceled, airlines may need to provide hotel accommodation, meals and cash compensation. Travel insurance can also compensate for delays or baggage problems, and reminds passengers to understand their rights and claims channels.