U.S. Trade Representative Jamieson Greer said on Friday that officials expect China to agree to significant additional purchases of U.S. farm products in the wake of a summit between Presidents Donald Trump and Xi Jinping in Beijing. Speaking in a television interview, Greer said Washington anticipates China will sign on to buy "double-digit billions" of U.S. agricultural goods each year as a result of the visit.
Greer cited the 25 million metric ton per year soybean arrangement reached last October as a point of reference. He added that the forthcoming commitment would be broader in scope, saying the administration expects to "see an agreement for double-digit billion purchases of ags over the next three years per year coming out of this visit."
In the same interview on Bloomberg Television, Greer emphasized the aggregate nature of the expected purchases, noting: "And that’s more general, that’s aggregate. That’s not just soybeans, that’s everything else." His remarks framed the administration's public expectation that any new accord would extend beyond the oilseed trade to include a wider set of agricultural exports.
Soybeans remain the leading U.S. export to China, which is described in market commentary as the world's largest buyer of that commodity. The oilseeds have been a central element in trade discussions across both the first and second Trump administrations, and they have been closely watched by markets and negotiators alike.
In the run-up to the Beijing summit, market participants generally did not expect China to increase its soybean target above the existing 25 million ton level. That view was reinforced by remarks from U.S. Treasury Secretary Scott Bessent on Thursday, who suggested the current deal effectively addressed the soybean purchase question.
Greer’s statements point to an anticipated expansion of agriculture purchases in aggregate terms, while market commentary ahead of the meeting reflected limited expectations for an upward revision of the soybean-specific commitment. The specific product mix and formal terms of any new purchase commitments were not detailed in Greer’s interview.