Fact Sheet: President Donald J. Trump Secures Historic Deals with China, Delivering for American Workers, Farmers, and Industry episode artwork

EPISODE · May 18, 2026 · 3 MIN

Fact Sheet: President Donald J. Trump Secures Historic Deals with China, Delivering for American Workers, Farmers, and Industry

from The White House In Audio · host Instaread Podcast

During the first visit of a U.S. President to the People’s Republic of China since 2017, President Donald J. Trump and President Xi Jinping reached a landmark consensus on a series of diplomatic and economic issues. The agreement aims to foster strategic stability based on "fairness and reciprocity" while securing massive wins for American manufacturing, agriculture, and energy.Here is a summary of the historic consensus:Strategic Stability: Both leaders agreed to a constructive relationship grounded in fairness. President Xi has accepted an invitation to visit Washington, D.C., this fall.Iran and Global Trade: In a major joint declaration, the U.S. and China agreed that Iran cannot have a nuclear weapon. They jointly called for the reopening of the Strait of Hormuz, asserting that no organization or nation should be allowed to charge tolls in international waters.North Korea: Both presidents reaffirmed their shared, unwavering goal of the complete denuclearization of North Korea.Summit Collaboration: The two nations pledged to support each other as respective hosts of the G20 and APEC Summits later this year.To manage the bilateral relationship effectively, the leaders chartered two new government-to-government institutions:The U.S.-China Board of Trade: Designed to manage and optimize trade across non-sensitive goods.The U.S.-China Board of Investment: A formal forum to discuss and resolve investment-related issues between the two nations.The President negotiated a sweeping package of commitments intended to drive high-paying American jobs and secure supply chains:Manufacturing (Boeing): China approved an initial purchase of 200 American-made Boeing aircraft, marking their first major commitment to Boeing since 2017. The administration expects this to drive high-skilled manufacturing jobs for decades.Agriculture: China committed to purchasing at least $17 billion per year of U.S. agricultural products through 2028. This is in addition to the major soybean purchase agreements reached in October 2025.Beef and Poultry: Market access for U.S. beef was fully restored, with over 400 facilities renewed and new listings added. Additionally, China resumed imports of U.S. poultry from states determined to be free of avian influenza.Critical Minerals: China agreed to address U.S. concerns regarding shortages and supply chain restrictions for rare earth minerals (including yttrium, scandium, neodymium, and indium) and the equipment used to process them.The administration frames this visit as a turning point in U.S.-China relations, moving away from past imbalances toward a model of "strategic stability." By securing concrete purchase agreements and addressing critical supply chain vulnerabilities, President Trump aims to ensure that American workers and farmers remain the primary beneficiaries of global trade.

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Fact Sheet: President Donald J. Trump Secures Historic Deals with China, Delivering for American Workers, Farmers, and Industry

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