China agrees to buy 10 million tons of U.S. coal in 2027 and 2028
China has agreed to purchase at least 10 million metric tons of U.S. coal in both 2027 and 2028 as Washington and Beijing expand trade cooperation following their latest high-level talks, Bloomberg reported. The coal commitment forms part of agreements reached under the newly operational U.S.-China Board of Trade, according to a White House statement. ...
The United States and China have reached a trade agreement that includes China's commitment to purchase at least 10 million metric tons of U.S. coal in 2027 and 2028, according to a Bloomberg report. This commitment is part of a broader set of agreements reached under the newly formed U.S.-China Board of Trade. The two nations are also exploring preferential tariffs for $30 billion worth of non-sensitive goods, which could potentially reduce trade barriers for a variety of consumer and industrial products.
Eligible U.S. goods for preferential tariffs include agricultural products, seafood, timber, cosmetics, and medical devices. Chinese products covered by the agreement comprise small appliances, toys, holiday decorations, and children's car seats. Agriculture has been a recurring topic in trade negotiations between the two countries and will be addressed through a dedicated working group focusing on market-access barriers.
Furthermore, a Board of Investment has been established to discuss investment opportunities and resolve obstacles for companies investing in both markets. Critical minerals, such as rare earths and other minerals vital to technology, automotive, and defense industries, continue to be a subject of negotiation. Both countries agreed to continue discussions on supply-chain shortages involving these minerals.
President Trump urged Chinese President Xi Jinping to increase China's production of refined petroleum products to stabilize global supplies amid Middle East-related disruptions.
Technology and emerging technologies will also be on the agenda for bilateral talks, with the next exchange focused on artificial intelligence scheduled for November. These agreements follow a three-day summit in Washington where trade, technology, critical minerals, and other economic issues were extensively discussed. The coal purchase commitment signifies a concrete trade measure from the summit, with China poised to import at least 20 million metric tons of U.S. coal over the next two years.
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