{"id":57886,"date":"2026-05-16T17:23:52","date_gmt":"2026-05-16T17:23:52","guid":{"rendered":"https:\/\/applenews.cloud.aawsat.london\/?p=57886"},"modified":"2026-05-16T17:45:03","modified_gmt":"2026-05-16T17:45:03","slug":"china-signals-tariff-cuts-advances-in-farm-market-access-after-trump-xi-summit","status":"publish","type":"post","link":"https:\/\/applenews.cloud.aawsat.london\/?p=57886","title":{"rendered":"China Signals Tariff Cuts, Advances in Farm Market Access After Trump-Xi Summit"},"content":{"rendered":"<p>China and the United States have agreed to expand agricultural trade through tariff reductions and tackle non-tariff barriers and market access issues, China&#8217;s commerce ministry said on Saturday after this week&#8217;s summit in Beijing. <\/p>\n<p>The agreements are &#8220;preliminary&#8221; and will be &#8220;finalized as soon as possible,&#8221; the ministry said following US President Donald Trump&#8217;s visit. <\/p>\n<p>China&#8217;s farm imports from the US still face an additional 10% levy after last year&#8217;s rounds of tit-for-tat tariffs sharply curtailed trade, which fell 65.7% year-on-year to $8.4 billion in 2025, according \u200cto US \u200cDepartment of Agriculture data. <\/p>\n<p>The commerce ministry said \u200cboth \u2060sides aim to \u2060promote two-way trade, including in agricultural products, through measures such as reciprocal tariff reductions across a range of goods. It did not specify which products. <\/p>\n<p>China resumed purchases of some US farm goods after an October meeting, fulfilling a US-stated commitment to buy 12 million metric tons of soybeans by the end \u2060of February. It has also purchased some US \u200cwheat cargoes and large \u200cvolumes of sorghum. <\/p>\n<p>Market watchers expect a 10% cut in soybean tariffs, which could \u200callow private Chinese crushers to resume purchases that were \u200clargely sidelined during last year&#8217;s US harvest, when state crop traders were the only buyers. <\/p>\n<p>&#8220;Tariff reductions on agricultural products would mark a normalization of China-US farm trade, allowing commercial buyers to re-enter the market,&#8221; \u200csaid Johnny Xiang, founder of Beijing-based AgRadar Consulting. <\/p>\n<p>The ministry said both sides agreed to &#8220;resolve or \u2060make substantive progress&#8221; \u2060on non-tariff barriers and market access issues. <\/p>\n<p>China will work to address US concerns over registration of beef facilities and poultry exports from certain US states, it said. <\/p>\n<p>Beijing on Friday granted five-year registration extensions to 425 US beef plants that had largely been shut out after their registrations lapsed last year, and approved new five-year registrations for 77 additional US facilities. <\/p>\n<p>US Trade Representative Jamieson Greer said on Friday the US expects China to buy &#8220;double-digit billions&#8221; worth of US farm goods over the next three years, although neither side has yet released details on specific products, values or volume. <\/p>\n<p><a href=\"https:\/\/english.aawsat.com\/node\/5273957\">Original Post<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China and the United States have agreed to expand agricultural trade through tariff reductions and tackle non-tariff barriers and market access issues, China&#8217;s commerce ministry said on Saturday after this week&#8217;s summit in Beijing. The agreements are &#8220;preliminary&#8221; and will be &#8220;finalized as soon as possible,&#8221; the ministry said following US President Donald Trump&#8217;s visit. 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