US Says China to Buy 10 Million Tons of Coal in 2027, 2028 Bloomberg News China agreed to import at least 10 million metric tons of coal from the US next year and again in 2028, according to the White House, in a sign of further progress in easing trade frictions between the world’s two largest economies. The two sides will also pursue more favorable tariffs on $30 billion of non-sensitive goods from either nation as part of the agreement reached under the US-China Board of Trade, the White House said in a statement. US products eligible for preferential tariffs include agricultural goods, seafood, timber, cosmetics and medical devices, it said.

Chinese consumer items such as small appliances, toys, holiday decorations and children’s car seats are covered in the deal. The moves follow Donald Trump’s summit with China’s Xi Jinping this week in Washington. Trade has been a point of contention between the two countries, with tariffs marking Trump’s second term in office and Beijing being one of his main targets for the levies.

Coal production is high on the US president’s agenda and his administration has moved to revitalize the industry to consolidate its place as a premium source of energy for the country. Trump said in June he would marshal hundreds of millions of taxpayer dollars in an effort to strengthen the sector. The agreement with China comes amid soaring energy prices in the US, with electricity costs climbing on the back of surging demand from new factories and data centers fueling the artificial-intelligence industry.

Calls to China’s State Council Information Office and Ministry of Commerce went unanswered outside normal business hours on Saturday. The White House said the two countries had launched a working group focused on addressing market-access barriers in agriculture, a sector that has long been a central issue in bilateral trade negotiations. Separately, Washington and Beijing established a Board of Investment aimed at discussing opportunities and resolving investment-related impediments.

The two sides also said they would continue working on US concerns over supply-chain shortages involving rare earths and other critical minerals, according to the statement. Trump urged Xi to increase production of refined petroleum products to help stabilize global supply. The two leaders also agreed to continue dialogue on emerging technologies, with the next exchange on artificial intelligence scheduled by November.