CHINA TO BUY $17B IN U.S. FARM GOODS – A U.S.-China Board of Trade and the U.S.-China Board of Investment will be established
China has committed to purchasing at least $17 billion of U.S. agricultural products in 2026, 2027 and 2028, the White House said in a fact sheet released. The commitment was made during meetings between U.S. President Donald Trump and Chinese President Xi Jinping last week, the White House said. The $17 billion figure does not include the soybean purchase commitments China made in October 2025, the White House said.
There has been a marked reduction in U.S. agricultural exports to China after last year’s rounds of tit-for-tat tariffs sharply curtailed trade, which fell 65.7% year-on-year to $8.4 billion in 2025, according to U.S. Department of Agriculture data.
China will work with U.S. regulators to lift suspensions of U.S. beef facilities and resume imports of poultry from U.S. states determined to be free of avian influenza, the White House said.
Confirming earlier statements from the Chinese government, the White House also announced that the world’s two largest economies would establish a U.S.-China Board of Trade and the U.S.-China Board of Investment.
