China Pledges $17 Billion a Year in U.S. Farm Buys, Restores Beef and Poultry Access
Updated
Updated · Farm Bureau News · May 28
China Pledges $17 Billion a Year in U.S. Farm Buys, Restores Beef and Poultry Access
2 articles · Updated · Farm Bureau News · May 28
Summary
$17 billion in additional annual U.S. agricultural purchases for 2026 through 2028 was pledged by China after Trump-Xi meetings in Beijing, on top of separate soybean commitments announced in late 2025.
The deal also reopens key livestock channels: China will renew expired U.S. beef plant registrations, approve new facilities, and resume poultry imports from USDA-recognized HPAI-free states.
Reciprocal tariff cuts and two new bilateral bodies underpin the agreement — a Board of Trade targeting tariff elimination on up to $30 billion in non-strategic goods and a Board of Investment for lower-risk Chinese investment proposals.
U.S. farm exports to China fell to about $27 billion in 2024 from a record $40.9 billion in 2022, so the new commitments could lift trade back toward earlier-decade levels if carried out.
Implementation remains the key risk for farmers and ranchers, because past U.S.-China agricultural pledges have not always translated into sustained export growth.