U.S., China announce deals after Trump-Xi summit
USSEC’s (US Soybean Export Council) booth at the 8th China International Import Expo in Shanghai on November 8, 2025.
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BEIJING — China has agreed to buy U.S. soybeans and address American access to rare earths, the White House said Sunday, announcing some of the most concrete results so far from last week’s high-profile bilateral summit.
US President Donald Trump wrapped up his two-day meeting with Chinese President Xi Jinping in Beijing on Friday. The two leaders also agreed to meet in the USA in September.
The White House stated that China will purchase at least $17 billion of US agricultural products annually by 2028, adding that “in addition to soybean intake The commitments he made in October 2025.”
After the Trump-Xi meeting in South Korea last fall, the US said China had agreed to purchase at least 25 million metric tons American soybeans in each of the next three years.
However, while the amount was not specified in the statement made this weekend, it was stated that China has once again allowed the sale of US beef and poultry. While the Chinese Ministry of Commerce did not specify the quantity or name of soybeans, it stated that both countries attracted attention. Agreement reached to promote agricultural trade.
While rare earth elements were not mentioned in China’s statement, the USA said that China would eliminate rare earth deficiencies, especially yttrium, scandium, neodymium and indium. Beijing controls the supply chain of many unknown minerals that are critical components of smartphones, cars and weapons.
The summit itself was “underwhelming,” but U.S.-China relations will likely improve “step by step” as long as Trump is president, Jacob Shapiro, strategic partner and geopolitical advisor at The Bespoke Group, said Monday on CNBC’s “Squawk Box Asia.”
“After Trump passed, I don’t think Trump passed the baton to anyone in the United States. [interested in] That means Beijing will “say what they need to say to make things nice for the next few years” as they prepare for the next U.S. president, who will likely take a tougher stance on China, Shapiro said.
In the statements of both the USA and China, it was stated that agreements were made to establish trade and investment boards in order to facilitate bilateral negotiations in these areas.
China has stated that reducing tariffs will be part of the plans, but the US has not mentioned duties.
While the United States has cited China’s plans to buy 200 Boeing planes, Beijing has generally noted the aircraft purchase agreement and said the United States will supply engines and other parts. China has developed its own passenger plane that still uses foreign parts.
