Beijing/Singapore: China has committed to buying at least $17 billion of U.S. agricultural products annually in addition to soybeans for three years, the White House said on Sunday, after a summit of the two countries' leaders in Beijing last week.
The world's largest importer of agricultural goods, China sharply reduced U.S. purchases after last year's trade war between the world's two biggest economies. But both have agreed to expand agricultural trade and tackle non-tariff barriers for beef and poultry, China's commerce ministry said on Saturday.
