China pledges to buy $17b in US agricultural products over three years

WASHINGTON: China has pledged to purchase $17 billion worth of agricultural products from the United States over the next three years, according to a fact sheet released by the White House.

The commitment was made during a meeting last week between Chinese President Xi Jinping and U.S. President Donald Trump.

The White House said the new $17 billion pledge does not include a previous commitment made in October 2025 to purchase U.S. soybeans.

The fact sheet also confirmed remarks by China’s foreign minister regarding plans to establish a U.S.-China Board of Trade and a U.S.-China Board of Investment to strengthen economic cooperation between the two countries.

Trump had earlier told reporters at the White House following his trip to China that major trade agreements had been reached and that relations between Washington and Beijing were “excellent.”

The announcement marks another sign of improving trade ties between the world’s two largest economies after years of tariff disputes and economic tensions.