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China Agrees to $17 Billion in Annual U.S. Farm Buys as Xi and Trump Announce Trade Steps

The package signals a tentative thaw in a relationship strained by years of tariff fights.

Overview

  • The White House said Sunday that China will buy at least $17 billion a year in U.S. farm goods from 2026 to 2028.
  • The pledge excludes soy purchases set in October 2025, following a year when U.S. farm exports to China fell 65.7% to $8.4 billion.
  • Beijing renewed approvals for more than 400 U.S. beef-processing plants and will resume poultry imports from states cleared of avian flu.
  • China confirmed a purchase of U.S.-made passenger jets as Washington pledged to keep engines and key parts flowing, with U.S. officials citing an initial 200-plane order.
  • Both governments will create new trade and investment boards to work on defined tariff cuts, while the White House said China would address U.S. worries over critical mineral supplies that Beijing did not highlight.