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US-China deal commits China to buy $17B in US farm goods annually through 2028

Market News
17 May 2026
Benzinga Staff Writer
View Source
Bullish
pluang ai news

President Donald Trump secured a major deal with China, where China agreed to purchase at least $17 billion worth of US agricultural products annually until 2028. This agreement was announced after a two-day summit in China, the first by a US president in nearly a decade, and also included cooperation on preventing Iran from obtaining nuclear weapons and reopening the Strait of Hormuz. The deal aims to ease trade tensions and could boost US agricultural exports significantly. Despite concerns about the business environment in China, the agreement highlights ongoing efforts to improve US-China relations and trade.

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