200 Boeing planes, $17 billion worth of farm imports: What Donald Trump negotiated for the US with China | Today’s news
US President Donald Trump and his Chinese counterpart Xi Jinping agreed to build a constructive relationship to strengthen trade and strategic ties between the two countries.
The decision came during Trump’s state visit to Beijing for the Trump-Xi summit (May 13-15), the first US president since 2017. In a press release, the White House said Trump would welcome Xi Jinping to Washington this fall.
The two countries will establish a US-China trade council to manage bilateral trade in non-sensitive goods. Trump also negotiated a package of commitments that will lead to “high-paying American jobs” and open new markets for American goods.
China and the US have agreed to lower tariffs on some products to boost bilateral trade, Bloomberg reported, citing a statement from the Chinese Ministry of Commerce.
China said Beijing and Washington would take a series of measures, including mutual tariff cuts on certain products, to expand bilateral trade in areas including agriculture, the minister said. Trump indicated on Friday that the tariffs did not come up in his meetings with Xi Jinping.
Business, industry
For the first time since 2017, China has approved an initial purchase of 200 US-made Boeing jets for Chinese airlines, according to a White House press release. This sale is expected to support high-wage, high-skilled manufacturing jobs in the US.
In addition, the Investment Board will provide an intergovernmental forum to discuss investment-related issues.
Rare earth metals
China has agreed to address US supply chain concerns about rare earths and other critical minerals, including yttrium, scandium, neodymium and indium. Rare earth metals are used in the manufacture of electronic items such as laptops, smartphones and cameras, as well as in defense systems, including precision-guided missiles and radars.
China is also ready to address US concerns about restrictions on the sale of equipment and technology for the production and processing of rare earths.
Agriculture
China will buy at least $17 billion a year (proportionally) of US agricultural products in 2026, 2027 and 2028, on top of the soybean purchase commitments it made in October 2025.
China has restored market access for U.S. beef by restoring the lists of more than 400 expired U.S. beef facilities and will work with U.S. regulators to lift all suspensions of U.S. beef facilities.
China has resumed imports of poultry from US states that the USDA has determined to be free of highly pathogenic avian influenza.
Geopolitical
The two countries agreed that Iran cannot have a nuclear weapon, called for the reopening of the Strait of Hormuz, and agreed that no country or organization should be allowed to collect tolls.
Trump and Xi also reaffirmed their shared goal of denuclearizing North Korea.
The US and China will also support each other as the respective hosts of the G20 and APEC summits later this year.
