White House Fact Sheet Offers Insight into China Agreement

Over the weekend, the White House released fact sheets detailing a new trade deal with China. According to the agreement, China will purchase at least 12 million metric tons of U.S. soybeans during the last two months of 2025 and at least 25 million metric tons in each of the years 2026, 2027, and 2028. Additionally, China will suspend all retaliatory tariffs that have been announced since early March. This suspension includes tariffs on corn, soybeans, wheat, pork, beef, and dairy products. Furthermore, the U.S. and China have agreed to a one-year suspension of fees for ships entering each other’s ports. into each other’s ports.