Washington: US Trade Representative Jamieson Greer informed lawmakers on Tuesday that the timeline for China to fulfill its pledge to purchase American soybeans has been extended from the end of the year to the end of the "growing season" due to a 'discrepancy.'
According to Anadolu Agency, the discrepancy arose between the timeline provided by Greer and a statement made by the White House on November 1. This statement followed a meeting between President Donald Trump and Chinese President Xi Jinping, which announced that China would purchase at least 12 million metric tons (MMT) of U.S. soybeans during the last two months of 2025. Additionally, Beijing committed to purchasing at least 25 MMT of U.S. soybeans annually from 2026 to 2028.
In addressing the Senate Appropriations Committee, Greer responded to inquiries regarding the timeline inconsistency by acknowledging the discrepancy and clarifying that the commitment applies to the current growing season. The Agriculture Department notes that the majority of US soybeans are planted in May and June and harvested in September and October.
In related developments, President Trump unveiled a $12 billion aid package for farmers on Monday, which allocates $11 billion in direct payments. The Agriculture Department also indicated that China would receive a new shipment of American soybeans. US farmers experienced significant financial strain during the height of the US-China trade war when China halted soybean purchases, pushing many companies to the brink of bankruptcy, as reported by NBC News. Following the meeting between Trump and Xi in late October, China resumed purchasing US soybeans with at least 10 waves of varying quantities.