Trump, Xi Discuss Trade, Taiwan and More in Call

Watch on YouTube ↗  |  February 04, 2026 at 18:40  |  2:16  |  Bloomberg Markets
Speakers
Tyler Kendall — Multimedia Editor, Bloomberg
Joe — Anchor, Bloomberg

Summary

President Trump and President Xi Jinping held a lengthy phone call covering trade, Taiwan, Russia-Ukraine, Iran, and China's purchases of U.S. agricultural products and energy. Tyler Kendall reported that the main deliverable was China's soybean purchase commitment: 20 million tons by the end of this harvest season and 25 million tons next harvest year. The call was seen as a check-in ahead of Trump's planned April visit to Beijing, with enforcement of agricultural pledges a key metric to watch.

  • Trump and Xi held a long phone call covering trade and geopolitics.
  • Topics included Taiwan, Russia-Ukraine, Iran, and China's U.S. energy and agricultural purchases.
  • China has purchased about 12 million tons of U.S. soybeans so far.
  • Trump says China committed to 20 million tons by end of harvest and 25 million tons next year.
  • Enforcement of agricultural purchase pledges remains a key metric.
  • Xi also held a video call with Putin before speaking with Trump.
  • Trump is scheduled to visit Beijing in April.
Ideas
Tyler Kendall Multimedia Editor, Bloomberg 1:11
Watch China soybean purchase commitments.
China has raised its soybean purchase threshold to about 20 million tons by the end of this harvest season and 25 million tons by next harvest year, but enforcement of agricultural purchase pledges has been difficult, making the pace of actual U.S. soybean purchases a key metric to watch.
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