By 2028, China Commits to $17 Billion in Annual U.S. Farm Product Purchases

New Trade Agreements Between the U.S. and China

According to Главком: China has agreed to buy at least $17 billion worth of American agricultural goods every year through 2028. As part of this deal, Beijing has also renewed the registration of more than 400 U.S. beef processing facilities, signaling a revival in bilateral trade relations between the two nations. Additionally, China has pledged to purchase 25 million metric tons of American soybeans annually until 2028, a major step in strengthening agricultural cooperation. This agreement comes after years of trade tensions that had disrupted global supply chains for key commodities.

Aircraft Orders and a New Trade Council

The latest arrangements also include the purchase of 200 Boeing aircraft. This marks the first such deal since 2017 and highlights China’s renewed interest in American aviation technology. According to a White House statement, this will create

“high-paying jobs for skilled workers in the U.S. manufacturing sector and allow Chinese citizens to fly on American-made planes for decades to come”

.

Furthermore, Washington and Beijing have agreed to establish a joint trade and investment council aimed at fostering economic collaboration. China has also consented to address restrictions on the sale of equipment and technology used for extracting and processing rare earth metals, a critical issue for both countries.

President Xi Jinping is expected to make an official visit to the United States in the fall of 2026. This trip comes at the personal invitation of Donald Trump and, according to Chinese Foreign Minister Wang Yi, represents a

“historic”

moment in relations between the two countries.

These agreements could mark a significant turning point in restoring economic ties between the U.S. and China, which had been strained in previous years by trade disputes and political tensions. Notably, Boeing’s stock declined after the aircraft purchase announcement, reflecting some market uncertainty.

This significant trade agreement comes at a crucial time as Trump and Xi Jinping prepare for a meeting aimed at revitalizing the trade partnership between the U.S. and China. The outcomes of their discussions could further shape the future of economic relations, making it essential to stay informed about these developments.