China to buy 10 million tons of U.S. coal in both 2027 and 2028
China has agreed to import at least 10 million tons of coal from the U.S. in 2027 and the same amount in 2028. The agreement is part of a new package of trade deals between Washington and Beijing following a meeting between Donald Trump and Xi Jinping.
According to Bloomberg, the two sides also plan to pursue more favorable tariffs on $30 billion worth of goods that are not considered sensitive. The measures will be implemented through the previously established U.S.-China Board of Trade.
U.S. products that could receive preferential tariffs include agricultural goods, seafood, timber, cosmetics and medical equipment. For Chinese producers, the agreement covers products including small household appliances, toys, holiday decorations and child car seats.
U.S. and China expand trade cooperation
The new agreements followed a meeting between Trump and Xi in Washington. Trade relations remain a key focus of negotiations between the two countries, while the current suspension of higher reciprocal tariffs on Chinese imports into the U.S. is set to remain in place until November 10, 2026.
The coal industry is also a priority for the Trump administration. In April, the U.S. president designated coal supply chains and baseload coal-fired power generation as critical to national defense and directed the government to expand support for the industry, including in response to rising electricity demand from AI infrastructure.
Washington and Beijing have also launched a working group to address barriers to agricultural trade and established an Investment Board. The latter is intended to provide a forum for discussing investment opportunities and obstacles between the two countries.
Rare earths and other critical minerals remain another area of negotiations. China previously agreed to work on issues affecting their supply, while U.S. dependence on rare-earth processing remains an important factor in bilateral trade relations.
Washington weighs measures amid record diesel prices
U.S. energy policy is also facing pressure from record diesel prices. The administration is considering restricting diesel exports to increase domestic supply and curb fuel costs.
Such measures could affect not only consumers but also refiners. Diesel prices influence costs for transportation companies and the agricultural sector and, in turn, the final prices of goods, while potential export restrictions could alter the profitability of U.S. refineries.
Earlier, we reported that the European Union warned the U.S. about the potential consequences of restrictions on diesel exports. The EU is concerned that such measures could put additional upward pressure on energy prices in Europe.
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