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Bloomberg Daybreak Asia: China to Buy US Goods
Bloomberg Daybreak Asia
China to Buy US Goods
China has agreed to purchase at least $17 billion of agricultural products from the US annually through 2028, the White House said in a fact sheet detailing President Donald Trump's two-day summit in China. A day earlier, the Chinese Ministry of Commerce released its own readout of the meeting, which said the US and China will adopt a series of measures, including mutually cutting levies on certain products. China did not provide specifics, adding that teams from both countries were still negotiating details, and the White House release was silent on tariffs. Trump previously suggested that tariffs did not come up in his meetings with Chinese President Xi Jinping. We spoke to Rebecca Choong Wilkins, Bloomberg's Asia EcoGov Correspondent. Plus - A selloff in global bonds extended as the deadlock over the Iran war drove oil prices higher, fueling inflation concerns and raising bets that central banks will need to keep tightening policy. Bloomberg TV hosts Haidi Stroud-Watts and Shery Ahn spoke to Kristina Hooper, Chief Market Strategist at Man Group.
May 18, 2026