China to buy at least $21 billion in US agricultural products annually, White House says
China has pledged to purchase at least $17 billion in US agricultural products annually for the next three years. This commitment was made during recent meetings between US President Donald Trump and Chinese President Xi Jinping. The agreement aims to restore trade relations that have been affected by previous tariffs and trade restrictions.
- ▪China will buy at least $17 billion of US agricultural products in 2026, 2027, and 2028.
- ▪This figure excludes soybean purchase commitments made in October 2025.
- ▪US agricultural exports to China fell by 65.7% in 2025 due to tariffs.
- ▪China has reduced its reliance on US farm goods significantly since 2016.
- ▪The US and China will establish boards to address trade concerns and expand agricultural trade.
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China to buy at least $21 billion in US agricultural products annually, White House saysSign up now: Get ST's newsletters delivered to your inboxThere has been a marked reduction in US agricultural exports to China after rounds of tit-for-tat tariffs in 2025 sharply curtailed trade.PHOTO: REUTERSPublished May 18, 2026, 02:26 AMUpdated May 18, 2026, 02:26 AMListenWASHINGTON - China has committed to purchasing at least US$17 billion (S$21.8 billion) of US agricultural products in 2026, 2027 and 2028, the White House said in a fact sheet released on May 17.The commitment was made during meetings between US President Donald Trump and Chinese President Xi Jinping last week, the White House said.The US$17 billion figure does not include the soybean purchase commitments China made in October…
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