Fact Sheet: President Donald J. Trump Secures Historic Deals with China, Delivering for American Workers, Farmers, and Industry – U.S. Embassy in Chile
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CONTRIBUTING TO PEACE AND PROSPERITY: This week, during the first visit of a U.S. President to the People’s Republic of China since 2017, President Donald J. Trump reached consensus with President Xi Jinping on several issues that will enhance stability and confidence for businesses and consumers around the world.
President Trump and President Xi agreed that the United States and China should build a constructive relationship of strategic stability on the basis of fairness and reciprocity. President Trump will welcome President Xi for a visit to Washington this fall. The two countries will support each other as the respective hosts of the G20 and APEC Summits later this year. Both leaders agreed Iran cannot have a nuclear weapon, called to reopen the Strait of Hormuz, and agreed that no country or organization can be allowed to charge tolls. President Trump and President Xi confirmed their shared goal to denuclearize North Korea.
ESTABLISHING U.S.-CHINA BOARDS OF TRADE AND INVESTMENT: As the cornerstone of this historic agreement, President Trump and President Xi chartered two new institutions to optimize the bilateral economic relationship: the U.S.-China Board of Trade and the U.S.-China Board of Investment.
The Board of Trade will allow the United States Government and the Government of China to manage bilateral trade across non-sensitive goods. The Board of Investment will provide a government-to-government forum for discussing investment-related issues.
DELIVERING FOR AMERICAN WORKERS, FARMERS, AND INDUSTRY: President Trump negotiated a sweeping package of commitments that will drive high-paying American jobs and open new markets for U.S. goods.
China will address U.S. concerns regarding supply chain shortages related to rare earths and other critical minerals, including yttrium, scandium, neodymium, and indium. China will also address U.S. concerns regarding prohibitions or restrictions on the sale of rare earth production and processing equipment and technologies. China approved an initial purchase of 200 American-made Boeing aircraft for Chinese airlines. This tranche of aircraft – China’s first commitment to purchase American-made Boeing aircraft since 2017 – will drive high-paying, high-skilled U.S. manufacturing jobs and enable the Chinese people to fly on American-made planes for decades to come. China will purchase at least $17 billion per year of U.S. agricultural products in 2026 (prorated), 2027, and 2028, in addition to the soybean purchase commitments that it made in October 2025. China restored market access for U.S. beef by renewing expired listings of more than 400 U.S. beef facilities and adding new listings. China will work with U.S. regulators to lift all suspensions of U.S. beef facilities. China resumed imports of poultry from U.S. states determined by the USDA to be free of highly pathogenic avian influenza.
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