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Markets

U.S. and China Trade Commitments in Beijing Leave Taiwan Issue Unresolved

Published 16 May 2026

Following a summit in Beijing, the United States and China announced new trade commitments while leaving the status of Taiwan, a persistent point of tension, unresolved. The White House stated that China has committed to purchasing at least $17 billion worth of American agricultural products annually from 2026 through 2028. This agreement includes restoring market access for U.S. beef by lifting suspensions on hundreds of American processing facilities and resuming imports of American poultry from states certified as free of avian influenza.

The agricultural pledge is separate from existing soybean purchase commitments made last October. The new deal offers potential relief to American farmers, as U.S. Department of Agriculture data shows China's imports of U.S. farm goods fell sharply from a peak of $38 billion in 2022 to $8 billion in 2025. Industry representatives expressed cautious optimism, with the president of the American Soybean Association stating that greater certainty helps provide farmers with confidence for planning.

Concurrently, discussions during the summit underscored the unresolved and sensitive nature of the Taiwan issue. Chinese President Xi Jinping warned...

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