US says China ‘on track’ to fulfil farm purchases ahead of Xi’s Washington visit
The Trump administration on Wednesday said that China is on track to meet its agricultural purchase commitments, with the sector expected to feature prominently in the deliverables for US President Donald Trump and Chinese President Xi Jinping’s talks in Washington later this month. “China is ramping up their purchases,” said Luke Lindberg, the US Under Secretary for Trade and Foreign…
The US Department of Agriculture (USDA) has stated that China is on track to meet its agricultural purchase commitments, with the sector expected to be a significant focus in the upcoming talks between US President Donald Trump and Chinese President Xi Jinping in Washington. According to Luke Lindberg, the US Under Secretary for Trade and Foreign Agricultural Affairs, China is expected to purchase $17 billion worth of US agricultural products this year, with soybeans contributing to an annual sales total of $30 billion.
China has already fulfilled its commitment to buy 12 million metric tonnes of US soybeans in the 2025 season and is currently on track to meet the target of 25 million metric tonnes this year.
Brief written by urgent.news from Reuters Business via SCMP's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
