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news Scmp World 2026-05-17

China to Buy at Least $17 Billion Annually in US Farm Goods Through 2028

The White House announced that China has agreed to purchase at least $17 billion in U.S. agricultural products annually until 2028. This commitment was a result of recent summit talks between Presidents Trump and Xi and is in addition to previous soybean purchase agreements.


China has agreed to buy at least US$17 billion in US agricultural products annually through 2028, the White House said on Sunday. The commitment resulted from the summit between US President Donald Trump and Chinese President Xi Jinping last week and will be in addition to soybean purchase commitments that were made in October 2025, according to a fact sheet released by the White House. Trump concluded his highly-anticipated state visit to China on Friday, during which he discussed topics...

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