Over the weekend, the U.S. and the People’s Republic of China (PRC) announced several agreements between the two nations, following President Donald Trump and Chinese leader Xi Jinping’s Summit in Beijing.
China’s Ministry of Commerce confirmed the PRC’s agreement to charter two bilateral boards with the U.S.: the U.S.-China Board of Trade and the U.S.-China Board of Investment.
According to a White House fact sheet, the Board of Trade will allow the U.S. and China to manage bilateral trade in non-sensitive goods. At the same time, the Board of Investment “will provide a government-to-government forum for discussing investment-related issues.”
The U.S. also agreed to sell 200 Boeing aircraft, aircraft engines, and aircraft components to China.
“We’re going to have conversations with the Chinese about stuff we should be selling them—ag, and Boeing, and medical devices—and the kinds of things we want to be getting from them, whether it’s consumer goods or low tech or other inputs that we don’t have here,” U.S. Trade Representative Jamieson Greer said on ABC’s “This Week.”
Rare Earths
Both nations agreed to address concerns over U.S. supply chain shortages of rare earths and other critical minerals. Among those concerns are “prohibitions and restrictions on the sale of rare earth production and processing equipment and technologies.”
China currently dominates the production of at least 15 critical minerals and mineral groups. Additionally, controlling the majority of the refining capacity of these materials, with 90% of critical earths being refined there.
Agriculture
The PRC also agreed to purchase at least $17 billion per year of U.S. agricultural products, such as beef and poultry, for a prorated rate in 2026 and at that level for 2027 and 2028.
To facilitate beef purchases, China restored market access to over 400 U.S. beef facilities, renewing expired listings and adding new ones. The White House also confirmed that China will cooperate with U.S. regulators to lift all suspensions of U.S. beef manufacturers.
In the poultry sector, China additionally resumed imports of U.S. poultry items determined to be “free of highly pathogenic avian influenza” by the U.S. Department of Agriculture (USDA).
The White House added that China has also committed to the soybean agreement made in October 2025.
In a meeting in South Korea, China agreed to purchase 12 million metric tons of U.S. soybeans by the end of 2025. China also promised to import 75 million metric tons over the next three years.
