CONTRIBUTING TO PEACE AND PROSPERITY: This week marked a significant diplomatic development as President Donald J. Trump visited the People’s Republic of China, the first such visit by a U.S. President since 2017. During this visit, President Trump and President Xi Jinping reached agreements on several key issues aimed at enhancing global business and consumer confidence.
- Both leaders agreed to foster a constructive relationship grounded in strategic stability, fairness, and reciprocity. President Trump will host President Xi in Washington this fall. Additionally, the U.S. and China will cooperate as hosts of the G20 and APEC Summits later this year.
- The two leaders concurred that Iran should not possess nuclear weapons, called for the reopening of the Strait of Hormuz, and agreed that tolls should not be imposed by any country or organization.
- President Trump and President Xi reaffirmed their commitment to the denuclearization of North Korea.
ESTABLISHING U.S.-CHINA BOARDS OF TRADE AND INVESTMENT: A key component of this historic agreement was the establishment of two new institutions to enhance economic collaboration between the two nations: the U.S.-China Board of Trade and the U.S.-China Board of Investment.
- The Board of Trade is designed to facilitate the management of bilateral trade in non-sensitive goods between the United States and China.
- The Board of Investment will serve as a platform for government-to-government discussions on investment-related matters.
DELIVERING FOR AMERICAN WORKERS, FARMERS, AND INDUSTRY: President Trump secured a comprehensive package of commitments that promise to create high-paying American jobs and open new markets for U.S. products.
- China has pledged to address U.S. concerns over supply chain shortages of critical minerals like yttrium, scandium, neodymium, and indium, as well as issues regarding the sale of rare earth production and processing technologies.
- China has also committed to purchasing 200 American-made Boeing aircraft for its airlines, a move that will boost U.S. manufacturing jobs and ensure Chinese travelers fly on American-made planes for years to come.
- From 2026 to 2028, China will buy at least $17 billion annually in U.S. agricultural products, in addition to soybean purchase commitments made in October 2025.
- China has reopened its market to U.S. beef by renewing listings for over 400 U.S. beef facilities and adding new ones. Additionally, China will collaborate with U.S. regulators to lift all suspensions on U.S. beef facilities.
- China has resumed imports of poultry from U.S. states certified by the USDA as free from highly pathogenic avian influenza.
