Grains

Trump touts China agriculture deals, gives few details

May, 15, 2026 Posted by Gabriel Malheiros

Week 202620

U.S. President Donald Trump said on ​Friday (15) that American farmers will be happy ‌with his trade deals and that China would be buying “billions of dollars” of soybeans, but gave no details ​on any new purchases.

Trump spoke with reporters on ​Air Force One as he returned to ⁠the U.S. from a state visit to Beijing.

U.S. ​Trade Representative Jamieson Greer said on Friday that the U.S. ​expects China to buy “double-digit billions” worth of U.S. farm goods over the next three years following the state visit, but ​noted the figure was not just for ​soybeans but all agricultural products.

China has dramatically curbed its purchases of U.S. ‌soybeans ⁠since Trump’s first term, sourcing about 15% of its soybeans from the U.S. in 2025, down from 41% in 2016. Instead, the country is turning ​to cheaper ​alternatives from Brazil.

“The ⁠farmers are going to be very happy. They’re going to be buying billions ​of dollars of soybeans,” Trump told ​reporters.

U.S. farmers ⁠are expected to yield the second-largest soybean harvest on record this season, according to the U.S. Department of ⁠Agriculture.

Source: Reuters

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