00:00The White House says China has committed to buying at least $17 billion of American agricultural products annually between 2026
00:08and 2028.
00:09The commitment followed meetings last week between U.S. President Donald Trump and Chinese President Xi Jinping aimed at easing
00:16trade tensions between the world's two largest economies.
00:22The pledge comes after U.S. farm exports to China fell nearly 66 percent last year to $8.4 billion
00:30following multiple rounds of retaliatory tariffs.
00:33China has also reduced its reliance on U.S. agricultural goods over the past decade.
00:39American soybeans accounted for about 20 percent of China's imports in 2024, down from 41 percent in 2016.
00:47During the meetings in Beijing last week, both the U.S. and China have agreed to establish new trade and
00:54investment boards focused on market access and tariff reduction.
00:58The White House says China will also work to lift suspensions on U.S. beef facilities and resume poultry imports
01:06from states declared free of avian influenza.
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