Trump‑Xi Deal Secures Soybean, Jet, and Oil Commitments
Get the Geopolitics newsletter
Daily geopolitics — wars, elections, sanctions, the diplomatic moves that move markets. Free.
- Donald Trump said Xi pledged to buy US soybeans, oil, LNG and 200 Boeing 737 jets, and to oppose militarization of the Strait of Hormuz.
- Xi Jinping opposed any tolls on the Strait of Hormuz, rejected its militarization, and agreed Iran must never acquire a nuclear weapon.
- Scott Bessent confirmed a three‑year, 25 million‑ton annual China soybean purchase under the Busan agreement.
- Chinese Customs briefly restored, then revoked, export licences for hundreds of US beef exporters, leaving market access uncertain.
- Jimmy Lai was cited by US officials as a case to press China to halt Iranian oil purchases and drone‑missile parts shipments.
Why it matters: US soybean farmers secure a 25 million‑ton China purchase, boosting export revenues, while beef exporters lose market access as licences are revoked; China’s opposition to a toll on Strait of Hormuz and interest in US oil show reliance on the waterway.
Ask SkimNews
