China has agreed to purchase 25 million metric tons of U.S. soybeans annually under a new trade arrangement reached between the two nations, U.S. Treasury Secretary Scott Bessent announced Thursday.
Bessent said the agreement will begin with an initial shipment of 12 million metric tons to be completed between now and January 2026. The deal marks a major step in stabilizing trade relations between the world’s two largest economies after months of tension and uncertainty.
The announcement followed a high-level meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing, where both leaders discussed measures to rebuild economic cooperation and restore agricultural trade that had been disrupted by earlier tariff disputes.
Observers say the move could provide relief to American farmers, who have faced significant losses amid fluctuating export demand and global supply chain challenges. For China, the purchase ensures a steady supply of soybeans crucial for livestock feed and food production.
The agreement is expected to be monitored by joint trade committees from both countries in the coming months, with further talks planned to explore broader agricultural and technology partnerships.
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