WASHINGTON, May 17 (Reuters) – China has committed to purchasing at least $17 billion of U.S. agricultural products in 2026, 2027 and 2028, the White House said in a fact sheet released on Sunday.
The commitment was made during meetings between U.S. President Donald Trump and Chinese President Xi Jinping last week, the White House said.
The $17 billion figure does not include the soybean purchase commitments China made in October 2025, the White House said.
There has been a marked reduction in U.S. agricultural exports to China after last year’s rounds of tit-for-tat tariffs sharply curtailed trade, which fell 65.7% year-on-year to $8.4 billion in 2025, according to U.S. Department of Agriculture data.
China has dramatically scaled back its reliance on U.S. farm goods since Trump’s first term, sourcing roughly 20% of its soybeans from the U.S. in 2024, the year before he returned to office, down from 41% in 2016.
China will work with U.S. regulators to lift suspensions of U.S. beef facilities and resume imports of poultry from U.S. states determined to be free of avian influenza, the White House said.
Confirming earlier statements from the Chinese government, the White House also said on Sunday the world’s two largest economies would establish a U.S.-China Board of Trade and the U.S.-China Board of Investment.
The boards will resolve concerns over market access for agricultural products and expand trade “under a reciprocal tariff-reduction framework,” Chinese Foreign Minister Wang Yi said in a statement last week.
(Reporting by Katharine Jackson in Washington, D.C. and Curtis Williams in Houston; Editing by Sergio Non and Chris Reese)
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