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    China to Invest US$10 Billion in US Agricultural Products

    May 18, 2026
    SeaNews
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    China to Invest US$10 Billion in US Agricultural Products
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    China plans to purchase over US$10 billion in US farm goods, expanding trade ties as President Trump concludes a significant summit in Beijing.

    China is expected to purchase more than US$10 billion in United States agricultural products under a new trade arrangement, Jamieson Greer, the US trade representative, said as President Trump concluded a summit in Beijing, reported the New York Times.

    Mr. Greer told Bloomberg News that the deal would cover a range of farm goods and add to an existing three-year agreement for China to buy 25 million tonnes of soybeans annually. He mentioned that the two countries would also establish a Board of Trade to oversee tariff cuts on about US$30 billion in goods.

    The trade strategy, he explained, aimed to steer exports toward sectors such as aircraft, soybeans, medical devices, and energy. Mr. Greer cited Mr. Trump's remarks that China would order 200 Boeing planes and noted that Beijing had renewed export licenses for US slaughterhouses to sell beef.

    Mr. Trump and more than two dozen chief executives participated in two days of meetings in Beijing, including a dinner with President Xi Jinping in the Great Hall of the People. The visit was seen as a pivotal moment in US-China relations, with officials urging trade to focus on less sensitive sectors.

    Mr. Greer did not specify what concessions Washington had offered in return. He stated that both sides agreed there would be 'a certain level of tariff' but declined to provide details. He added that China's new rules penalizing foreign firms for shifting supply chains were a significant concern.

    The Trump administration has launched two trade investigations to replace global tariffs struck down by the Supreme Court in February. Mr. Greer noted that China would be observing how these compared with past agreements. He also mentioned there was a willingness to extend rare earth export deals beyond October.

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