China will purchase billions worth of U.S. agricultural products through 2028 under an agreement announced by the Trump administration.
The announcement comes following President Trump's trip to China last week to meet with President Xi Jinping. The White House released a fact sheet that outlined plans to de-escalate trade tensions between the nations while also bolstering U.S. agricultural imports.
According to the administration, China has agreed to purchase at least $17 billion per year of U.S. agricultural products in 2026 (prorated), 2027, and 2028. That agreement is in addition to an agreement reached in October 2025 in which China said it would buy 25 million metric tons of soybeans through 2028.
The administration said that China also agreed to restore market access for U.S. beef by renewing expired listings of more than 400 U.S. beef facilities and adding new listings.
"President Donald J. Trump reached consensus with President Xi Jinping on several issues that will enhance stability and confidence for businesses and consumers around the world," the fact sheet stated.
The two nations also agreed to a framework to manage bilateral trade. Specifically, the creation of a U.S.-China Board of Trade that will oversee trade between the two countries. Also, the U.S.-China Board of Investment will provide a "government-to-government forum for discussing investment-related issues."
Regarding the ongoing war with Iran and the impact that conflict has had on shipping through the Strait of Hormuz, the administration stated that China agreed with its position that Iran should not have a nuclear weapon. The administration also said there was alignment on the reopening of the Strait of Hormuz and that no nation should be allowed to charge tolls.
The Chinese statement on the meeting had less details but stated that the two sides "have achieved positive outcomes in economic and trade consultations."
One substantial difference in the statements was that the U.S. fact sheet did not mention tariffs while the Chinese statement did. "Moreover, the two sides agreed to promote two-way trade, including in agricultural products, through arrangements such as mutual tariff reductions on a range of products," Chinese officials stated.
The Chinese statement did not address the Iran war or the Strait of Hormuz.
