China will buy ‘at least’ $17bn worth of US agricultural goods annually, the White House says.
Published On 18 May 202618 May 2026
China will buy “at least” $17bn worth of agricultural goods from the United States annually following US President Donald Trump and Chinese leader Xi Jinping’s summit in Beijing, the White House has said.
China will make the purchases through 2028, with the 2026 target applying to the remainder of the year on a proportionate basis, according to a fact sheet released on Sunday.
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The White House said the deal is in addition to China’s commitment to buy at least 87 million metric tonnes of US soya beans, which was made at Trump and Xi’s summit in South Korea in October.
China will also restore market access for US beef by renewing the expired listings of more than 400 production facilities, and resume imports of poultry from states determined by the US Department of Agriculture to be free of avian influenza, according to the fact sheet.
Trump and Xi also agreed to establish two new bodies – the US-China Board of Trade and the US-China Board of Investment – to manage trade and investment between the sides, the White House said.
China has yet to confirm or comment on the White House’s announcement.
The Chinese Embassy in Washington, DC, did not immediately respond to a request for comment.
The White House’s update provides further clarity on the outcome of Trump and Xi’s two-day summit, which was heavy on pageantry and camaraderie but light on concrete agreements.
During their two days of talks in Beijing, Trump and Xi sought greater alignment on economic issues and trade, while largely skirting the sensitive issues of Taiwan and the US-Israel war on Iran.
In a readout after the summit wrapped up on Friday, the White House said the two sides had discussed ways to “enhance economic cooperation”, and that they agreed on the need to keep the Strait of Hormuz open and that Iran “can never have a nuclear weapon.”
Beijing did not explicitly state that Iran should not have nuclear weapons, but stressed the importance of reaching “a settlement on the Iranian nuclear issue and other issues that accommodates the concerns of all parties”.
Neither White House statement contained any mention of Taiwan, the self-governing island that Beijing views as an integral part of its territory.
The omission of any reference to the island – the defence of which Washington is committed to supporting under the 1979 Taiwan Relations Act – came after Xi warned of “clashes and even conflicts” between the superpowers if the issue is not “handled properly”.
After nearly a decade of tit-for-tat economic salvoes between Washington and Beijing, US-Chinese trade is down sharply from its peak.
Their bilateral trade in goods last year came to some $415bn, down from more than $690bn in 2022.
After months of tension over the Iran war, markets finally got something to feel good about. President Trump and Chinese President Xi Jinping met in Beijing on May 14 and agreed the Strait of Hormuz “must remain open,” along with a shared stance that Iran “can never have a nuclear weapon.” Easing tensions in the Middle East usually means one thing for crypto: risk-on sentiment comes back.
That’s why the search for the best crypto to buy now is heating up again. This article looks at three picks worth a closer look while the mood is shifting: Poly Truth ($PTRUE), Meme Punch ($MEPU), and Bittensor (TAO).
Why the Trump-Xi Meeting Matters for Crypto
Crypto pays close attention to global news, and this one is a big deal.
Approximately one-fifth of all oil shipments worldwide pass through the Strait of Hormuz. When it’s in danger, markets become anxious, oil prices increase, and inflation pressure increases. The opposite happens when it’s safe. Money often returns to more volatile investments, such as cryptocurrency.
That is the change that is currently beginning to take shape. The direction has shifted, but the war is still ongoing and the ceasefire is still unstable. Generally speaking, markets are more interested in future trends than current conditions.
Therefore, it makes sense that more buyers are considering cryptocurrency once more. Also, smaller picks usually move first when the mood improves.
Best Crypto to Buy Now in 2026
While sentiment is changing, these three choices are worth a closer look. One is a well-known AI infrastructure project. The other two, which have more potential for growth and lower entry costs, are still in presale.
1. Poly Truth ($PTRUE)
Prediction markets are growing fast, but most people still bet on instinct. Poly Truth steps in with a research tool that does the heavy lifting.
Drop in a prediction event, anything from a presidential race to a Champions League final, and the platform scans news, market data, historical records, and social signals. An AI layer checks everything, weighs the patterns, and returns a probability score for each outcome along with the reasoning behind it.
$PTRUE is the access token. Holders get tiered access to the tool, plus staking rewards and a vote on future updates.
The token is in Stage 1 of its presale at $0.001190, with the next price step at $0.001216. Audits are done with SolidProof and Coinsult, team tokens are locked, and 40% of supply goes to presale buyers.
The majority of meme coins do nothing more than sit in your wallet and wait for a pump. That is changed by Meme Punch. In this play-to-earn battle game, you take action.
Five iconic meme characters, Pepe, Doge, Floki, Brett, and Pudgy Penguin, are dressed in medieval armor and spawned into a PvP arena. Pick your knight, fight other players, climb the leaderboard, and earn $MEPU as rewards. The token also unlocks weapons, skins, and special powers inside the game.
$MEPU runs on Ethereum, with a total supply of 10 billion. The presale takes 40%, with another 14.5% set aside for staking and 9.5% for in-game rewards. Payment options are ETH, BNB, SOL, USDT, USDC, and card.
Check memepunch.io for the current presale price and staking APY.
3. Bittensor (TAO)
Bittensor runs a decentralized network where machine learning models compete to provide AI services, with TAO tokens rewarding the best performers. The network is split into subnets, each one a marketplace for a specific type of AI task.
The price action tells a useful story. TAO spent most of April trading sideways between $240 and $255 while markets digested the Iran war and the fragile ceasefire. Then, in early May, the breakout came. TAO climbed to around $326 on May 10 and now sits near $306, up over 20% in a month.
It’s a clear example of what happens when tensions decrease. Capital flows back into infrastructure plays, and AI is one of the strongest narratives going.
What to Watch Next
The mood can shift fast, so a few things are worth keeping an eye on:
The Israel-Lebanon talks: New peace talks kicked off in Washington this week. A real deal would push sentiment further into risk-on territory.
The ceasefire holding: The Iran ceasefire has been in place since April 8, but it’s fragile. Any breakdown would pull money back to safety fast.
US-China follow-through: The Trump-Xi meeting was a positive signal, but the real test is what gets done in the weeks after.
ETF flows: Spot ETFs for AI tokens like TAO are pending. Approvals or strong inflows would add fuel to the AI narrative.
Conclusion
When sentiment shifts, crypto usually feels it first. The Trump-Xi meeting isn’t a fix for everything happening in the region, but it’s the kind of news that turns the mood around, and the market’s already starting to react.
If you’re looking at the best crypto to buy now, the three picks above cover different angles. Poly Truth ($PTRUE) for the AI tool with a real use case. Meme Punch ($MEPU) for the meme coin you can actually play. Bittensor (TAO) for the established AI infrastructure pick is already moving on the news.
Take a look, read up on each, and only put in what you’re okay risking.
FAQ’s
Which cryptocurrency is best to invest now?
It depends on your risk appetite. Bittensor (TAO) is the safer AI pick, while presales like Poly Truth ($PTRUE) and Meme Punch ($MEPU) offer more upside for those willing to take on early-stage risk.
What is the best buy in crypto right now?
Sentiment is shifting back to risk-on after the Trump-Xi meeting, which usually helps small-cap tokens move first. $PTRUE and $MEPU are two presales catching attention while TAO leads on the AI side.
What crypto under $1 will explode?
No one can guarantee explosions, but presale tokens priced well under a cent, like $PTRUE and $MEPU, have the most room to run if the market keeps warming up.
Which crypto has 1000x potential?
1000x runs almost always come from tiny market caps with a real product behind them, which is why presales like $PTRUE are where most of those bets land, while TAO offers steadier exposure to the same AI story.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. ModernDiplomacy.eu is not a licensed crypto-asset service provider under EU regulation (MiCA). Cryptocurrencies are highly volatile and involve significant risk. Always conduct your own research and consult a licensed advisor before making any investment decisions.
BEIJING — President Trump’s first visit to China in nine years is a high-stakes trip reflecting the rivalry and mutual dependence of two superpowers hoping to avoid a collision course — even if Trump cast it more as a meeting between close friends and business partners.
Speaking to reporters before departing Washington on Tuesday, Trump downplayed tensions between the two countries, including on trade, calling Chinese President Xi Jinping a “wonderful guy” and a friend and saying the working relationship between the two countries is “very good.”
Trump acknowledged China’s might — saying that the Asian nation and the United States are clearly the world’s two superpowers — and that the focus of the meeting “more than anything else will be trade.”
“We’re gonna have a great relationship for many, many decades to come,” Trump said. “My relationship with President Xi is a fantastic one. We’ve always gotten along, and we’re doing very well with China, and working with China’s been very good — so we look forward to it.”
Trump also downplayed the importance of the meeting for the war in Iran. He said Xi might be able to help the United States reach a deal to end the war, but that he doesn’t need it, “because we have Iran very much under control.”
The state visit marks the first by an American president to China since Trump’s trip here in 2017, only months into his first term. President Biden never came, becoming the first to not do so since diplomatic ties were normalized, an absence that underscored simmering distrust and animosity between Washington and Beijing that has only worsened since.
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In the capital, security forces sealed off an area around the Temple of Heaven roughly the size of 400 football fields ahead of the U.S. president’s visit, anticipating a stop at the monument to imperial China and Confucian thought.
On his previous trip, Trump received the rare honor of a state banquet inside the Forbidden City. This time he is expected to dine at the Great Hall of the People, an imposing structure off Tiananmen Square that hosts high-level gatherings of the Chinese Communist Party.
Trump’s positive spin on Tuesday aside, his agenda for meetings beginning Thursday with Xi highlights the vast array of American interests that depend on — and often clash with — Beijing’s policies.
After launching a trade war against China at the beginning of his second term, Trump now comes hat in hand requesting an extension of a tariff truce, fearful Xi might follow through on his threats to halt the export of rare earth minerals to the United States that are vital to the manufacturing of American goods, including everyday consumer equipment and advanced defense technologies.
His visit comes as a ceasefire in the war with Iran, brokered with help from Beijing, is on “massive life support,” according to the president. Trump is expected to appeal to Xi for assistance in getting Tehran to restore free and open passage through the Strait of Hormuz.
And in a dramatic reversal, the Trump administration has begun discussions with the Chinese about establishing a channel of communication on artificial intelligence, alarmed that recent technological leaps could pose global risks.
All of these requests are expected to come at a cost.
President Trump departs the White House on May 12, 2026, for his second state visit to China.
(Kevin Dietsch / Getty Images)
In earlier remarks before the trip, Trump said he expected U.S. arms sale to Taiwan — including one already approved by Congress — to become a chip in the negotiations.
“I’m going to have that discussion with President Xi,” Trump said. “President Xi would like us not to, and I’ll have that discussion. That’s one of the many things I’ll be talking about.”
The notion that U.S. support for Taiwan is a negotiable matter is sure to rattle America’s allies throughout the region, from Japan to the Philippines, which are reliant on U.S. security guarantees amid China’s Indo-Pacific military aggression.
Despite geopolitical tensions, both sides are expected to announce business and investment agreements, underscoring how deeply intertwined the world’s two largest economies remain.
China plans on making a significant purchase of Boeing aircraft, and the president has brought 17 American corporate leaders with him on the trip to discuss additional opportunities, including Apple’s Tim Cook, BlackRock’s Larry Fink, Meta’s Dina Powell McCormick and Tesla’s Elon Musk.
The two leaders are expected to have other opportunities to talk in person throughout the coming year, including potential meetings at the Group of 20 summit in Florida, the APEC summit in Shenzhen, China, and a state visit in Washington that Trump said he will host for Xi at some point in the coming months.
Trump on Tuesday said Xi’s visit will be “toward the end of the year” and “exciting.” He also lamented that the ballroom he is building on the White House grounds — on the site of the historic East Wing he demolished — won’t be ready in time.
Jennifer Hong, senior director at the Institute for Indo-Pacific Security, said her concern is that the state visit becomes part of a “tyranny of calendaring,” where the Chinese agree to schedule more high-level meetings sought by Trump that put off vital U.S. decision-making.
“I do think this trip is necessary for the U.S. government — I think that there are things that are on hold because he doesn’t want to rock the boat,” Hong said, noting the Trump administration’s delay in arms sales to Taiwan, despite the packages already having received congressional approval.
“I’m just worried this will be a stringing along of promises, or maybe some reprieve for a year or so,” she added, “as we continue to handicap ourselves on national security matters for the sake of more meetings.”
Trump on Tuesday repeatedly dismissed China’s potential help in resolving the war in Iran, which has driven up prices domestically and around the world as oil shipments through the strategic Strait of Hormuz have been badly disrupted and U.S. efforts to fully reopen the channel have so far been unsuccessful.
“I don’t think we need any help with Iran, to be honest with you,” Trump said. “They’re defeated militarily.”
Trump also said the financial pain many Americans are feeling from the war, including at the gas pump, simply isn’t a factor — “not even a little bit,” he said — in his ongoing negotiations with Iran.
“The only thing that matters when I’m talking about Iran [is that] they can’t have a nuclear weapon,” he said. “I don’t think about Americans’ financial situation. I don’t think about anybody.”
China’s UN Ambassador Fu Cong says maintaining the ceasefire and reopening the Strait of Hormuz are “urgent” priorities, warning the issue will be high on the agenda if it remains closed during President Donald Trump’s upcoming visit to Beijing.
