• China will purchase at least $17 billion in U.S. agricultural products annually through 2028.
• The commitment was announced following meetings between Donald Trump and Xi Jinping.
• Trade between the U.S. and China has sharply declined due to previous tariffs.
• New trade boards will facilitate tariff reduction discussions and market access.

China has pledged to buy at least $17 billion worth of U.S. agricultural products each year from 2026 to 2028. This commitment was made public through a fact sheet released by the White House, following discussions between U.S. President Donald Trump and Chinese President Xi Jinping during a recent summit. Notably, this figure excludes previous soybean purchase commitments made by China in October 2025, according to Reuters, South China Morning Post, Channel News Asia, and Channel News Asia.

The announcement comes amidst a backdrop of significantly reduced U.S. agricultural exports to China, which declined by 65.7% year-on-year to $8.4 billion in 2025 due to previous tit-for-tat tariffs. Before the reductions, China sourced approximately 20% of its soybeans from the U.S. in 2024, down from 41% in 2016, highlighting a dramatic shift in trade dynamics. This information is supported by data from the U.S. Department of Agriculture as mentioned by Reuters and South China Morning Post.

To bolster trade relations, both nations will establish a U.S.-China Board of Trade and a U.S.-China Board of Investment, intended to address market access issues and facilitate agricultural trade under a reciprocal tariff-reduction framework. These initiatives were confirmed by statements from Chinese Foreign Minister Wang Yi, as reported by Reuters and Channel News Asia.