Trump says China agreed to buy $17 billion of American beef per year
China has agreed to purchase $17 billion worth of U.S. beef annually for 2026, 2027, and 2028, as part of a broader trade agreement following a summit between President Trump and President Xi Jinping. The deal aims to alleviate the impact of the ongoing trade war on American farmers, particularly those affected by reduced soybean exports. While the agreement includes resuming poultry imports and addressing various trade barriers, the exact terms and additional purchases remain unclear.
- ▪China will buy $17 billion of U.S. beef per year for 2026, 2027, and 2028.
- ▪The agreement follows a summit between President Trump and President Xi Jinping.
- ▪China's imports of U.S. agricultural goods fell significantly during the trade war.
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China has agreed to ramp up trade for U.S. agricultural products such as beef and poultry, buying at an annualized rate of $17 billion per year for 2026 and at that level for 2027 and 2028, the White House announced Sunday, two days after President Donald Trump returned from a high-stakes summit in Beijing where he sought to ease the impact on American farmers from the trade war he launched last year.Recommended Video China would restore market access for U.S. beef and resume imports of poultry from U.S. states determined by the U.S. Department of Agriculture to be free of the bird flu, the White House said. The deals are on top of China’s soybean purchase commitments last year.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.