Trump pitches China trade ‘win’ to US farmers ahead of Xi meeting, midterms
Ahead of a mid-May meeting with Chinese President Xi Jinping, US President Donald Trump claimed a trade victory for American farmers. Speaking at the White House, Trump stated that he personally secured a deal with Xi to increase Chinese purchases of US soybeans to $40 billion. He attributed this increase to his direct negotiation with Xi, doubling a previous agreement. Trump encouraged farmers to invest in larger equipment due to this increased demand. However, this $40 billion figure has not been confirmed by the US Agriculture Department. Trump previously announced in October that China had committed to purchasing 12 million tonnes of US soybeans by the end of the year and 25 million tonnes annually through 2028.