China has agreed to purchase a minimum of $17 billion worth of US agricultural products every year through 2028, according to a White House fact sheet released following a two-day summit in Beijing.
The deal covers corn, pork, beef, poultry, and soybeans, and represents Washington’s latest attempt to lock in Chinese demand for American farm exports.
A do-over for a deal that never delivered
The new commitment is explicitly designed as a successor to the Phase One trade agreement signed in 2020. That deal set ambitious targets for Chinese purchases of US goods across multiple categories, including agriculture. China never hit those numbers.
The White House has characterized the $17 billion figure as a separate and incremental demand, not a repackaging of existing soybean trade flows. This time, the commitment explicitly spans a broader basket of commodities. Corn, pork, beef, and poultry are all named alongside soybeans.
