Beijing publicly indicated a willingness to live with a 30% tariff baseline to prevent a total collapse of trade negotiations…
The Commerce Ministry is pushing for a formal extension of the Kuala Lumpur agreement before it expires in November…
Plans include a $17 billion annual purchase of US agricultural goods through 2028 to keep the deal on life support…
Treasury Secretary Bessent remains a wild card, still eyeing fresh Section 301 investigations that could blow the truce apart by July…
Institutional analysts view this as a desperate stability play by China to avoid further decoupling from Western tech markets…
Beijing is buying time because they know their domestic economy can’t handle a full-blown trade war right now…
Don’t mistake this for a peace treaty; it’s just a tactical pause while they build out their own supply chains…
The real fight is for the chip dominance, and these tariff talks are just the diplomatic cover…
US says China to buy billions in agricultural goods after Trump-Xi talks
China will buy ‘at least’ $17bn worth of US agricultural goods annually, the White House says.
China will buy “at least” $17bn worth of agricultural goods from the United States annually following US President Donald Trump and Chinese leader Xi Jinping’s summit in Beijing, the White House has said.
China will make the purchases through 2028, with the 2026 target applying to the remainder of the year on a proportionate basis, according to a fact sheet released on Sunday.
The White House said the deal is in addition to China’s commitment to buy at least 87 million metric tonnes of US soya beans, which was made at Trump and Xi’s summit in South Korea in October.
China will also restore market access for US beef by renewing the expired listings for more than 400 production facilities, and resume imports of poultry from states determined by the US Department of Agriculture to be free of avian influenza, according to the fact sheet.