Pakistan, May 18 -- The United States (US) has announced that China will purchase at least $17bn worth of American agricultural products annually following talks between President Donald Trump and Chinese President Xi Jinping in Beijing, according to a White House fact sheet.

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The agreement, released on Sunday, states that the purchases will continue through 2028, with the 2026 target adjusted on a proportional basis for the remainder of the year. The announcement comes after a high-profile summit between the two leaders aimed at easing trade tensions and improving economic cooperation.

In addition to the annual agricultural commitment, China will also fulfil earlier pledges to buy a...