China agreed to purchase at least $17 billion of American agricultural products annually through 2028, according to a White House fact sheet released Sunday. The commitment follows a two-day summit in Beijing between President Donald Trump and Chinese President Xi Jinping. The new annual target is intended to be in addition to previous soybean purchase commitments of 25 million metric tons per year established in late 2025.
Trade and manufacturing wins
The summit produced several concrete deliverables aimed at opening market access for U.S. producers who have faced high costs and geopolitical tension. China renewed expired registrations for more than 400 U.S. beef facilities and agreed to resume poultry imports from states the USDA has cleared of avian influenza. Beyond the farm, the White House announced a deal for China to buy 200 Boeing aircraft and indicated that Beijing would address American concerns regarding export restrictions on rare earth minerals like neodymium and scandium.
- Agricultural exports. China spent $24 billion on U.S. farm goods in 2024, but that figure fell to $8.3 billion in 2025 as the trade dispute intensified.
- Industrial boards. The two nations will establish a board of trade and a board of investment to facilitate government-to-government discussions on non-sensitive sectors.
- Energy and security. Both leaders called for the reopening of the Strait of Hormuz and agreed that Iran cannot be allowed to possess a nuclear weapon.
Discrepancies remain between the two governments regarding the status of trade levies. China’s Ministry of Commerce stated the two sides reached a preliminary agreement to reduce some tariffs, but the White House release was silent on the matter. Trump told reporters after the meetings that tariffs were not discussed, even as China noted that teams are still negotiating specific measures to promote two-way trade.
The next phase of the relationship moves to Washington, where President Xi is scheduled to make a state visit in September.
