China Commits $17 Billion Annually to US Agricultural Products in Trump-Xi Summit Deal

Following the 2026 summit between US President Donald Trump and Chinese President Xi Jinping in Beijing, the United States and China announced a major trade agreement under which China will purchase at least $17 billion worth of American agricultural products each year from 2026 through 2028.

According to the White House, the commitment builds on previous soybean purchase agreements from last year. The deal is part of broader efforts to stabilize economic relations between the world’s two largest economies after years of tariff disputes that had sharply reduced US agricultural exports to China.

The agreement is expected to support American farmers, manufacturers, and exporters by reopening key Chinese markets to US products. As part of the wider package, China approved an initial purchase of 200 American-made Boeing aircraft for its airlines — Beijing’s first major Boeing commitment since 2017.

Additional provisions include restoring market access for US beef facilities and resuming poultry imports from American states that have been cleared of avian influenza concerns.

Washington and Beijing also agreed to establish new US-China boards on trade and investment. These bodies aim to manage economic disputes, address investment issues, and promote trade cooperation through direct government coordination.

Beyond trade matters, the summit addressed several geopolitical topics, including support for reopening the Strait of Hormuz, regional stability concerns, and discussions on North Korea’s denuclearization.

The White House described the summit — President Trump’s first visit to China since returning to office — as one of the most consequential diplomatic engagements between the two nations in recent years, signaling a shared interest in reducing tensions.