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    <title>Aaj TV English News - Business &amp; Economy</title>
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    <copyright>Copyright 2026</copyright>
    <pubDate>Mon, 18 May 2026 11:02:05 +0500</pubDate>
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      <title>China to buy at least $17 billion in US agricultural products annually</title>
      <link>https://english.aaj.tv/news/330459137/china-to-buy-at-least-17-billion-in-us-agricultural-products-annually</link>
      <description>&lt;p&gt;&lt;strong&gt;China has committed to purchasing at least $17 billion of US agricultural ​products in 2026, 2027 and 2028, the White House ‌said in a fact sheet released on Sunday.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;The commitment was made during meetings between US President Donald Trump and Chinese President Xi Jinping last ​week, the White House said.&lt;/p&gt;
&lt;p&gt;The $17 billion figure does not ​include the soybean purchase commitments China made in October ⁠2025, the White House said.&lt;/p&gt;
&lt;p&gt;There has been a marked reduction ​in US agricultural exports to China after last year’s rounds of ​tit-for-tat tariffs sharply curtailed trade, which fell 65.7% year-on-year to $8.4 billion in 2025, according to US Department of Agriculture data.&lt;/p&gt;
&lt;p&gt;China has dramatically scaled back its ​reliance on US farm goods since Trump’s first term, sourcing ​roughly 20% of its soybeans from the US in 2024, the year before ‌he ⁠returned to office, down from 41% in 2016.&lt;/p&gt;
&lt;p&gt;China will work with US regulators to lift suspensions of US beef facilities and resume imports of poultry from US states determined to be ​free of avian ​influenza, the ⁠White House said.&lt;/p&gt;
&lt;p&gt;Confirming earlier statements from the Chinese government, the White House also said on Sunday the ​world’s two largest economies would establish a US-China ​Board of ⁠Trade and the U.S.-China Board of Investment.&lt;/p&gt;
&lt;p&gt;The boards will resolve concerns over market access for agricultural products and expand trade “under a ⁠reciprocal ​tariff-reduction framework,” Chinese Foreign Minister Wang Yi ​said in a statement last week.&lt;/p&gt;
&lt;h3&gt;&lt;a id="" href="#" class="heading-permalink" aria-hidden="true" title="Permalink"&gt;&lt;/a&gt;&lt;/h3&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>China has committed to purchasing at least $17 billion of US agricultural ​products in 2026, 2027 and 2028, the White House ‌said in a fact sheet released on Sunday.</strong></p>
<p>The commitment was made during meetings between US President Donald Trump and Chinese President Xi Jinping last ​week, the White House said.</p>
<p>The $17 billion figure does not ​include the soybean purchase commitments China made in October ⁠2025, the White House said.</p>
<p>There has been a marked reduction ​in US agricultural exports to China after last year’s rounds of ​tit-for-tat tariffs sharply curtailed trade, which fell 65.7% year-on-year to $8.4 billion in 2025, according to US Department of Agriculture data.</p>
<p>China has dramatically scaled back its ​reliance on US farm goods since Trump’s first term, sourcing ​roughly 20% of its soybeans from the US in 2024, the year before ‌he ⁠returned to office, down from 41% in 2016.</p>
<p>China will work with US regulators to lift suspensions of US beef facilities and resume imports of poultry from US states determined to be ​free of avian ​influenza, the ⁠White House said.</p>
<p>Confirming earlier statements from the Chinese government, the White House also said on Sunday the ​world’s two largest economies would establish a US-China ​Board of ⁠Trade and the U.S.-China Board of Investment.</p>
<p>The boards will resolve concerns over market access for agricultural products and expand trade “under a ⁠reciprocal ​tariff-reduction framework,” Chinese Foreign Minister Wang Yi ​said in a statement last week.</p>
<h3><a id="" href="#" class="heading-permalink" aria-hidden="true" title="Permalink"></a></h3>
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      <category>Business &amp; Economy</category>
      <guid>https://english.aaj.tv/news/330459137</guid>
      <pubDate>Mon, 18 May 2026 09:36:34 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
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        <media:title>A man driving a tractor tends to corn fields in Star, Idaho, US. -- Reuters</media:title>
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