China has agreed to purchase at least $17 billion in US agricultural products annually by 2028. In addition, the parties have agreed to create special trade and investment councils to coordinate economic cooperation between the two countries.

This was reported by Bloomberg, citing statements by the American side after a large-scale summit of leaders in Beijing. The agreements were part of a broader package of economic decisions between Washington and Beijing.

According to US representatives, the new trade councils are a “cornerstone” of the agreement between President Donald Trump and Chinese leader Xi Jinping. Their goal is to “optimize” trade relations between the world’s two largest economies and reduce tensions in the economic sphere.

The parties paid special attention to the agricultural sector. China’s purchases of US agricultural products worth $17 billion annually are to supplement previous agreements on soybean supplies. In particular, China has already fulfilled its commitment to purchase 12 million tons of soybeans after last year's meeting, and the United States has previously stated that it may increase the volume to 25 million tons annually over three years.

At the same time, analysts recall that previous attempts by the Donald Trump administration to increase exports to China have not always yielded the expected results. For example, China did not fulfill the 2020 agreement on additional purchases of American products by $ 200 billion, partly due to the consequences of the COVID-19 pandemic.

After that, China partially reoriented itself to imports of cheaper Brazilian soybeans, which increased competition in the global agricultural market. This, in turn, raises doubts about the full implementation of new obligations within the framework of the agreement reached.

Despite the potentially positive effect for American farmers, experts note that the new purchase volumes may not be sufficient to significantly improve the situation in the US agricultural sector. It has come under pressure recently from rising fertilizer prices, particularly amid the conflict in Iran.

Analyst Susan Stroud noted that historically, such purchases could return trade relations to levels seen after the first phase of the previous agreement between the countries.

According to the US Department of Agriculture, in 2024, agricultural exports to China amounted to $24 billion, including $12 billion in soybeans, $1.4 billion in cotton and $1.2 billion in sorghum. In 2025, this figure decreased to $8.3 billion.

The summit also reported the restoration of access of American beef to the Chinese market and plans to resume poultry imports. China’s Ministry of Commerce said that the results of the negotiations demonstrate the possibility of resolving economic disputes through dialogue and cooperation.