U.S. President Donald Trump arrives for a state banquet hosted by Chinese language President Xi Jinping on the Nice Corridor of the Individuals on Could 14, 2026 in Beijing, China.
Alex Wong | Getty Pictures
BEIJING, Could 16 (Reuters) – China and the US have agreed to develop agricultural commerce by way of tariff reductions and sort out non-tariff limitations and market entry points, China’s commerce ministry stated on Saturday after this week’s summit in Beijing.
The agreements are “preliminary” and can be “finalised as quickly as doable,” the ministry stated following U.S. President Donald Trump’s go to.
China’s farm imports from the U.S. nonetheless face an extra 10% levy after final 12 months’s rounds of tit-for-tat tariffs sharply curtailed commerce, which fell 65.7% year-on-year to $8.4 billion in 2025, based on U.S. Division of Agriculture information.
The commerce ministry stated each side purpose to advertise two-way commerce, together with in agricultural merchandise, by way of measures resembling reciprocal tariff reductions throughout a spread of products. It didn’t specify which merchandise.
China resumed purchases of some U.S. farm items after an October assembly, fulfilling a U.S.-stated dedication to purchase 12 million metric tons of soybeans by the top of February. It has additionally bought some U.S. wheat cargoes and enormous volumes of sorghum.
Market watchers anticipate a ten% reduce in soybean tariffs, which might enable personal Chinese language crushers to renew purchases that have been largely sidelined throughout final 12 months’s U.S. harvest, when state crop merchants have been the one consumers.
“Tariff reductions on agricultural merchandise would mark a normalization of China-U.S. farm commerce, permitting business consumers to re-enter the market,” stated Johnny Xiang, founder of Beijing-based AgRadar Consulting.
The ministry stated each side agreed to “resolve or make substantive progress” on non-tariff limitations and market entry points.
China will work to deal with U.S. issues over registration of beef services and poultry exports from sure U.S. states, it stated.
Beijing on Friday granted five-year registration extensions to 425 U.S. beef crops that had largely been shut out after their registrations lapsed final 12 months, and permitted new five-year registrations for 77 further U.S. services.
U.S. Commerce Consultant Jamieson Greer stated on Friday the U.S. expects China to purchase “double-digit billions” price of U.S. farm items over the following three years, though neither aspect has but launched particulars on particular merchandise, values or quantity.
