US expects agriculture deal worth 'double-digit billions' after Trump-Xi summit, says Greer

Reuters

Thu, May 14, 2026 at 8:50 PM EDT 1 min read

May 15 (Reuters) - The United States expects China to sign up to buy "double-digit billions" ‌worth of U.S. agricultural products following a ‌summit between Presidents Donald Trump and Xi Jinping in Beijing, ​U.S. Trade Representative Jamieson Greer said on Friday.

Greer noted the 25 million metric ton per year soybean deal agreed last October and said the ‌U.S. also expects ⁠to "see an agreement for double-digit billion purchases of ags over the next ⁠three years per year coming out of this visit."

"And that's more general, that's aggregate. That's not ​just soybeans, ​that's everything else," he ​said in an ‌interview on Bloomberg Television.

Soybeans are the top U.S. export to China, the world's largest buyer by far, and the oilseeds have played a key role in trade negotiations during the first and ‌second Trump administrations.

Going into the ​summit, markets were not ​anticipating Beijing would ​raise the soybean target beyond 25 ‌million tons, an expectation that was ​reinforced by ​comments from U.S. Treasury Secretary Scott Bessent on Thursday suggesting the existing deal took care ​of the ‌issue.

(Reporting by Liz Lee and Lewis Jackson ​in Beijing and David Lawder in Washington; ​Editing by Christian Schmollinger)