Agreement valid from 2026 to 2028 was signed in Beijing after President Trump’s visit
The White House, this Sunday (May 17, 2026), in a statement, said that China committed to purchasing US$ 17 billion annually in North American agricultural products from 2026 to 2028. The agreement was signed by (Republican Party) in Beijing, at the beginning of the week.
The commitment was made after US exports fell sharply in 2025 due to the increase in those imposed by Trump. According to the US Department of Agriculture, trade between countries fell 65.7% from 2024 to 2025.
China has also reduced its dependence on American agricultural products. In 2024, the Chinese purchased 41% of the soybeans produced in the USA. In 2025, the volume practically halved, reaching 20%.
According to the note, the agreement will “strengthen the stability and confidence of businesses and consumers around the world.” The White House also stated that the planet’s two largest economies have established the US-China Trade Council and the US-China Investment Council.
Check out the full note:
“CONTRIBUTING TO PEACE AND PROSPERITY: This week, during the first visit by a U.S. president to the People’s Republic of China since 2017, President Donald J. Trump reached consensus with President Xi Jinping on several issues that will strengthen the stability and confidence of businesses and consumers around the world.
- President Trump and President Xi agreed that the United States and China should build a constructive relationship of strategic stability based on fairness and reciprocity. President Trump will host President Xi on a visit to Washington this fall. The two countries will support each other as hosts of respective G20 and APEC Summits later this year.
- Both leaders agreed that Iran cannot have nuclear weapons, advocated reopening the Strait of Hormuz and agreed that no country or organization can be allowed to charge tolls.
- President Trump and President Xi confirmed their common goal of denuclearizing North Korea.
CREATION OF US-CHINA TRADE AND INVESTMENT BOXES : As a cornerstone of this historic agreement, President Trump and President Xi created two new institutions to streamline the bilateral economic relationship: the US-China Trade Council and the US-China Investment Council.
- The Commerce Council will allow the United States Government and the Government of China to manage bilateral trade in non-sensitive goods.
- The Investment Council will provide a government-to-government forum to discuss investment-related issues.
DEFENDING AMERICAN WORKERS, FARMERS, AND INDUSTRY: President Trump has negotiated a broad package of commitments that will boost the creation of good-paying jobs in the United States and open new markets for American goods.
- China will address U.S. concerns regarding supply chain shortages of rare earths and other critical minerals, including yttrium, scandium, neodymium and indium. China will also address U.S. concerns regarding bans or restrictions on the sale of rare earth production and processing equipment and technologies.
- China has approved the initial purchase of 200 American-made Boeing aircraft for Chinese airlines. This batch of aircraft — China’s first commitment to purchase American-made Boeing aircraft since 2017 — will drive the creation of high-paying, high-skilled jobs in the American manufacturing industry and allow the Chinese people to fly American-made planes for decades.
- China will purchase at least $17 billion per year in U.S. agricultural products in 2026 (proportionately), 2027 and 2028, in addition to soybean purchase commitments made in October 2025.
- China has reestablished market access for U.S. beef by renewing the expired licenses of more than 400 U.S. beef processing facilities and adding new licenses. China will work with US regulators to lift all restrictions imposed on US beef processing facilities.
- China has resumed imports of poultry from US states considered by the United States Department of Agriculture (USDA) to be free of highly pathogenic avian influenza.”
