Print

China signals tariff cuts, advances in farm market access after Trump-Xi summit

U.S. President Donald Trump speaks with Chinese President Xi Jinping while leaving after a visit to Zhongnanhai Garden (Photo by Evan Vucci - Pool/Getty Images)

China and the United States have agreed to expand agricultural trade through tariff reductions and tackle non-tariff barriers and market access issues, China’s commerce ministry said on Saturday after this week’s summit in Beijing.

The agreements are “preliminary” and will be “finalised as soon as possible,” the ministry said following U.S. President Donald Trump’s visit.

China’s farm imports from the U.S. still face an additional 10% levy 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 U.S. Department of Agriculture data.

The commerce ministry said both sides aim to promote two-way trade, including in agricultural products, through measures such as reciprocal tariff reductions across a range of goods. It did not specify which products.

China resumed purchases of some U.S. farm goods after an October meeting, fulfilling a U.S.-stated commitment to buy 12 million metric tons of soybeans by the end of February. It has also purchased some U.S. wheat cargoes and large volumes of sorghum.

Market watchers expect a 10% cut in soybean tariffs, which could allow private Chinese crushers to resume purchases that were largely sidelined during last year’s U.S. harvest, when state crop traders were the only buyers.

“Tariff reductions on agricultural products would mark a normalization of China-U.S. farm trade, allowing commercial buyers to re-enter the market,” said Johnny Xiang, founder of Beijing-based AgRadar Consulting.

The ministry said both sides agreed to “resolve or make substantive progress” on non-tariff barriers and market access issues.

China will work to address U.S. concerns over registration of beef facilities and poultry exports from certain U.S. states, it said.

Beijing on Friday granted five-year registration extensions to 425 U.S. beef plants that had largely been shut out after their registrations lapsed last year, and approved new five-year registrations for 77 additional U.S. facilities.

U.S. Trade Representative Jamieson Greer said on ‌Friday the U.S. expects China to buy “double-digit billions” worth of U.S. farm goods over the next three years, although neither side has yet released details on specific products, values or volume.

(Reuters)

RELATED ARTICLES

6 hours ago | Bank Branches

Majumdar Calls for Faster Banking Expansion as 73% of Identified Northeast Villages Are Covered

Of the 9,479 identified villages in the Northeast, 6,905 (around 73 per cent) are now connected to a bank branch or India Post Payments Bank (IPPB), while 2,574 remain to be covered, Union Minister of State for Development of North Eastern Region and...

7 hours ago | bilateral cooperation

Jaishankar meets Georgian counterpart in Abu Dhabi, discusses trade, connectivity and regional developments

External Affairs Minister S Jaishankar on Wednesday met his Georgian counterpart Maka Botchorishvili in Abu Dhabi and discussed ways to deepen bilateral cooperation in areas including business, connectivity and culture. The meeting came as Jaishanka...

7 hours ago | Asian Cultural Ties

India’s Civilisational Journey Has Been a Story of Cultural Exchange: PM Modi

Prime Minister Narendra Modi on Wednesday said that India’s civilisational journey has, for centuries, been a story of cultural exchange, with centres of learning such as Nalanda facilitating the exchange of knowledge across Asia and Buddhist monks...