China's JD.com Commits to Buy $2 Billion U.S. Goods Amid Trump Visit

  • China is the world’s biggest pork consumer and importer
  • Trump lands in China on Wednesday as part of Asian tour
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JD.com Inc. will buy $2 billion of U.S. goods, more than half of which is beef and pork, in a deal that coincides with President Donald Trump’s visit to China.

JD.com, China’s second-largest online mall, will buy more than $1.2 billion of beef from the Montana Stock Growers Association and pork from Smithfield Foods Inc. over the next three years, the company said in a statementBloomberg Terminal released after a signing ceremony in Beijing. The agreement is part of a commitment to buy U.S. goods across a wide range of categories, it said.