China to Buy at Least $17 Billion Worth of U.S. Agricultural Products Annually

Following a meeting between Chinese President Xi Jinping and U.S. President Donald Trump in Beijing, China has pledged to purchase at least $17 billion worth of agricultural products from the United States each year, according to the White House. The information was reported by Al Jazeera.

According to a fact sheet released by the White House on Sunday, the purchasing program will continue through 2028. However, the 2026 target will be adjusted proportionally based on the remaining months of that year.

The statement also noted that China had earlier pledged during an October 2025 meeting between Trump and Xi in South Korea to buy at least 87 million tons of U.S. soybeans. Under the new agreement, that amount is expected to increase further.

As part of the deal, China will also reopen its market to U.S. beef imports. More than 400 expired licenses for production facilities will be renewed. In addition, Beijing will resume poultry imports from U.S. states that have been declared free of bird flu by the U.S. Department of Agriculture.

The White House further said that the two countries agreed to establish two new organizations to improve coordination in trade and investment management: the “U.S.-China Board of Trade” and the “U.S.-China Board of Investment.”

However, China has not yet officially commented on the matter, and the Chinese Embassy in Washington also did not immediately respond.

Reports said the two-day meeting between Trump and Xi in Beijing was held in a warm and ceremonial atmosphere, although the number of concrete agreements reached remained relatively limited. The leaders discussed economic cooperation and trade, while sensitive issues such as Taiwan and the Iran-Israel conflict were largely avoided.

In its post-meeting statement, the White House said both countries discussed ways to strengthen economic cooperation. The two sides also agreed on the importance of keeping the Strait of Hormuz open and ensuring that Iran never acquires nuclear weapons.

Meanwhile, Beijing’s statement did not directly mention preventing Iran from obtaining nuclear weapons. Instead, it emphasized the need to address concerns of all parties regarding Iran’s nuclear issue and other related matters.

Neither side mentioned Taiwan in their official statements. However, ahead of the meeting, Xi Jinping warned that failure to properly manage the Taiwan issue could lead to conflict between the two powers.

Trade between Washington and Beijing has declined significantly over nearly a decade due to retaliatory tariffs and trade tensions. Last year, bilateral goods trade totaled around $415 billion, down sharply from more than $690 billion in 2022.