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China Commits to Buying $17 Billion of American Farm Goods a Year After Beijing Summit

The White House on Sunday, May 17, 2026, released a fact sheet stating that China has agreed to purchase at least $17 billion of U.S. agricultural products annually in 2026, 2027 and 2028. The commitments — formally lodged during President Donald Trump's two-day Beijing summit with President Xi Jinping the previous week — also restore market access for U.S. beef by re-listing more than 400 American beef plants, lift the ban on poultry imports, add 200 Boeing aircraft to Chinese carriers' order books, and create twin U.S.–China Boards of Trade and Investment. American soybean and beef futures climbed in overnight trading on the Chicago Board of Trade as farm-state senators welcomed the largest bilateral agricultural understanding since the 2020 Phase One deal.