Overview
- U.S. Trade Representative Jamieson Greer said he expects an agreement worth double-digit billions in U.S. agricultural sales to emerge from the summit.
- Greer said China is meeting its soybean purchase commitments, with traders expecting the 25 million metric ton annual target agreed in October to remain the baseline.
- Negotiators are focusing on corn and other grains as China works to cut soymeal’s share in animal feed to 10% by 2030, which steers demand away from soybeans.
- Greer declined to specify tariff rates on Chinese goods, leaving farmers, crushers, and importers without clear price or access planning.
- Chip export controls were not a major topic, and Greer said any Chinese purchases of Nvidia H200 chips are a sovereign decision for Beijing.