China and the United States have agreed to expand agricultural trade following talks between Donald Trump and Xi Jinping in Beijing. Chinese officials said both sides are working on tariff reductions and better market access for farm products.
China’s commerce ministry described the agreements as preliminary but said both countries want to increase two way trade. The discussions include lowering tariffs on some goods and easing restrictions that have slowed agricultural imports and exports in recent years.
Trade between the two countries dropped sharply after both sides imposed tariffs during earlier disputes. However, China has recently resumed purchases of some American soybeans, wheat, and sorghum. Analysts say lower tariffs could encourage more private Chinese companies to start buying US farm goods again.
China also agreed to address concerns involving American beef and poultry exports. Officials confirmed that hundreds of US beef facilities received registration extensions, allowing them to continue shipping products to China. US officials expect the agreement could lead to billions of dollars in additional farm trade over the next few years.
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