China agrees to boost trade for U.S. beef and poultry following Trump-Xi summit
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 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.
TL;DR
- China will ramp up trade for U.S. agricultural products like beef and poultry.
- Purchases will be at an annualized rate of $17 billion per year for 2026.
- This trade level will continue through 2027 and 2028.
- The agreement was announced by the White House after President Trump's summit in Beijing.
- The summit aimed to ease the impact of the trade war on American farmers.