BEIJING, May 18: The United States has secured a deal under which China has committed to purchasing at least USD 17 billion worth of US agricultural products annually over the next three years, in addition to earlier soybean commitments made in October 2025.
Beyond trade, the agreement also establishes two new bilateral mechanisms, the US-China Board of Trade and the US-China Board of Investment, aimed at strengthening economic coordination following the landmark visit by President Trump to China. The two sides further signaled alignment on key geopolitical issues, including Iran, North Korea, and the Strait of Hormuz.
The agreement, presented as part of a broader effort to stabilize bilateral ties, also includes China’s approval of an initial order for 200 Boeing aircraft, marking Beijing’s first such commitment since 2017. The White House said the deal would support high-skilled U.S. manufacturing jobs and expand long-term commercial aviation links.
The announcement followed talks in which both leaders agreed on measures aimed at strengthening trade and investment cooperation and improving global economic stability. Washington described the discussions as covering a range of strategic and economic issues.The White House calls the most consequential U.S.-China agreement since 2017.
As the cornerstone of this historic agreement, President Trump and President Xi chartered two new institutions to optimize the bilateral economic relationship: the U.S.-China Board of Trade and the U.S.-China Board of Investment, intended to provide institutional frameworks for managing bilateral trade in non-sensitive goods and addressing investment-related issues.
The White House said China also committed to address US concerns over rare earth supply chains, including materials such as yttrium, scandium, neodymium and indium, and to ease restrictions on production and processing equipment and technologies.
China will also address the US concerns regarding prohibitions or restrictions on the sale of rare earth production and processing equipment and technologies.
In agriculture, China agreed to restore market access for US beef by renewing expired listings of more than 400 US beef facilities and adding new approvals, while also resuming imports of poultry from US states certified as free of highly pathogenic avian influenza by the US Department of Agriculture.
Both sides also reaffirmed cooperation on broader geopolitical concerns, including opposition to Iran obtaining nuclear weapons and support for the denuclearization of North Korea, according to the White House.
Both leaders agreed Iran cannot have a nuclear weapon, called to reopen the Strait of Hormuz, and agreed that no country or organization can be allowed to charge tolls. President Trump and President Xi confirmed their shared goal to denuclearize North Korea.
President Trump has invited President Xi for a visit to Washington on Sepetember 24. The two countries will support each other as the respective hosts of the G20 and APEC Summits later this year.
(UNI)
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