Washington, the United States and China have agreed to establish a trade and investment committee and build a strategic, stable and constructive relationship based on fairness and reciprocity, according to a White House fact sheet on President Donald Trump’s visit to China.
China will address U.S. concerns about supply chain shortages of rare earths and other critical minerals, including yttrium, scandium, neodymium and indium, a fact sheet released on Sunday said.
The report also stated that Trump and Chinese President Xi Jinping agreed that Iran cannot possess nuclear weapons, called for the reopening of the Strait of Hormuz, and agreed not to allow any country or organization to collect tolls.
The fact sheet also mentioned that Trump will welcome Xi Jinping to visit Washington this fall, and the two countries will support each other in hosting the G20 and European Community summits later this year.
“President Trump and President Xi affirmed the shared goal of denuclearizing North Korea,” the fact sheet said, without mentioning Taiwan.
In a media interview after talks with Xi Jinping, Trump described a possible multi-billion dollar arms sale to Taiwan as a “bargaining bargaining chip” with China, stoking concerns in Taiwan.
As a cornerstone of this historic agreement, Trump and Xi Jinping established two new agencies to optimize bilateral economic relations: the U.S.-China Business Council and the U.S.-China Investment Council.
“The Trade Committee will allow the U.S. and Chinese governments to regulate bilateral trade in non-sensitive goods. The Investment Committee will provide an intergovernmental forum to discuss investment-related issues,” the fact sheet said.
The report further states that President Trump negotiated a broad set of commitments aimed at creating high-paying American jobs and opening new markets for American goods.
The fact sheet also states that China will address U.S. concerns about bans or restrictions on the sale of rare earth production and processing equipment and technology.
“China approved the first purchase of 200 U.S.-made Boeing aircraft for Chinese airlines,” the fact sheet said, adding that China’s commitment would boost U.S. manufacturing jobs with high wages and high skills.
The report emphasizes that in addition to the soybean purchase commitment made in October 2025, China will purchase at least US$17 billion in US agricultural products annually in 2026, 2027 and 2028.
The document also states that China has restored market access to U.S. beef by renewing and expanding the list of more than 400 U.S. beef facilities and will work with U.S. regulators to lift all suspensions on these facilities.
China has also resumed poultry imports from U.S. states where the U.S. Department of Agriculture has determined that highly pathogenic avian influenza does not exist.
This article was generated from automated news agency feeds without modifications to the text.
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