U.S. says China to buy $17 billion of agricultural goods annually | Fortune
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U.S. says China to buy $17 billion of agricultural goods annually | Fortune
"China has agreed to purchase at least $17 billion of agriculture products from the US annually through 2028, the White House said in a fact sheet detailing President Donald Trump's two-day summit in China."
"A day earlier, the Chinese Ministry of Commerce released its own readout of the meeting, which said the US and China will adopt a series of measures, including mutually cutting levies on certain products. China did not provide specifics, adding that teams from both countries were still negotiating details, and the White House release was silent on tariffs."
"In the fact sheet, the White House also said that both "leaders agreed Iran cannot have a nuclear weapon, called to reopen the Strait of Hormuz, and agreed that no country or organization can be allowed to charge tolls.""
China agreed to purchase at least $17 billion of U.S. agriculture products each year through 2028. The White House stated the commitment was part of measures tied to the U.S.-China summit in Beijing. China’s Ministry of Commerce said both sides would adopt a series of measures, including mutually cutting levies on certain products, but it did not provide specific details because negotiations were still ongoing. The White House fact sheet did not mention tariffs. Both leaders used a positive tone on U.S.-China relations. They also agreed on Iran’s inability to obtain a nuclear weapon, called for reopening the Strait of Hormuz, and stated that no country or organization should be allowed to charge tolls.
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