China will buy US oil to satisfy its "insatiable appetite" - Trump
Kyiv • UNN
Donald Trump announced China's agreement to purchase American oil and limit military aid to Iran. The leaders also concluded new trade agreements.
U.S. President Donald Trump stated that China has agreed to buy American oil, UNN reports, citing CNBC.
"They agreed that they want to buy oil from the United States, they're going to go to Texas, we're going to start sending Chinese ships to Texas, Louisiana, and Alaska,"
China also agreed to help in negotiations with Iran and not to supply military equipment to Tehran, Trump said, adding that the Chinese leader would like to see the Strait of Hormuz open and free of tolls.
"They have an insatiable appetite for energy, and we have unlimited energy," Trump said, noting that the U.S. produces more oil and gas than Saudi Arabia and Russia combined: "We produce twice as much oil and gas as they do."
According to the U.S. Energy Information Administration, in 2025, the U.S. produced 23.6 million barrels of oil and other liquid fuels per day, while Saudi Arabia produced 11.21 million barrels per day, and Russia produced 10.53 million barrels per day.
China is the largest buyer of Iranian oil, purchasing about 90% of Iran's oil exports. According to data released by the U.S. government, the country imported about 1.4 million barrels per day of Iranian oil in 2025.
Meanwhile, U.S. exports of oil and petroleum products to China fell sharply for the second consecutive year, decreasing by 25% year-on-year to 237.8 million barrels last year. Specifically, oil exports plummeted by 95% since 2023 to approximately 8.4 million barrels in 2025.
China stated on Friday that during Thursday's meeting, the two leaders reached a "series of new consensuses," including an agreement to build "constructive, strategic stability" in bilateral relations for the next three years and beyond.
Regarding the war in Iran, Beijing called for the reopening of shipping lanes as soon as possible, urging warring nations to work toward a "comprehensive and lasting ceasefire" and to ensure stability in the Middle East and the Persian Gulf region, according to a statement from the country's foreign ministry.
By focusing on selling oil, soybeans, and beef to China without taking steps to limit the supply of certain high-tech goods, the U.S. appears to be "moving into the role of a commodity supplier to China," said Rush Doshi, a senior fellow at the Council on Foreign Relations, adding that this may not be in Washington's long-term interests.
Despite signs of progress in building mechanisms to manage future relations, the two countries are inevitably bound by heightened rivalry that limits the scope of their cooperation, Doshi said. Beijing's framing of a "new position" for bilateral ties also leaves little room for Washington to push back on economic and technological issues, he added.
Addendum
Trump and Xi met Friday for tea and a working lunch to conclude a two-day summit accompanied by ceremonial events and the signing of business deals. Beijing also issued a clear warning that the Taiwan issue would be a defining factor that could lead to the decline of bilateral ties.
After a private discussion lasting about 10 minutes, the two leaders walked through the gardens of Zhongnanhai, the walled government compound where top officials of the ruling Communist Party live and work.
The two sides concluded "fantastic trade deals," Trump said.
After the second day of talks, Trump left China.