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Donald Trump, "fines China $17 billion"

2026-05-17 22:28:56Kosova&Bota SHKRUAR NGA REDAKSIA VOX

China has pledged to buy at least $17 billion in U.S. agricultural products in 2026, 2027 and 2028, the White House said in a briefing paper released on Sunday.

This pledge was made during meetings between US President Donald Trump and Chinese President Xi Jinping last week, the White House announced.

The $17 billion figure does not include soybean purchase commitments that China made in October 2025, the White House specified.

US agricultural exports to China have suffered a sharp decline after last year's rounds of reciprocal tariffs severely restricted trade, which fell 65.7% year-on-year, falling to $8.4 billion in 2025, according to data from the US Department of Agriculture.

China has dramatically reduced its dependence on US agricultural goods since Trump's first term; it sourced about 20% of its soybeans from the US in 2024, a big drop from 41% in 2016.

China will work with US regulators to lift suspensions on American beef slaughterhouses and resume poultry imports from those US states that are determined to be free of bird flu, the White House said.

Confirming previous statements by the Chinese government, the White House also said on Sunday that the world's two largest economies will establish a "US-China Trade Board" and a "US-China Investment Board."

These boards will resolve concerns over market access for agricultural products and expand trade "under a framework of mutual tariff reduction," Chinese Foreign Minister Wang Yi said in a statement last week, Reuters reported.


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