Trump says China has agreed to buy US oil, Fox News reports

Trump Claims Major Trade Wins After High-Level Meeting With Xi Jinping

US President Donald Trump is currently in China for a high-stakes summit with Chinese President Xi Jinping, where both leaders discussed trade, energy cooperation, and regional security issues.

Following bilateral talks in Beijing, Trump described the discussions as “fantastic” and claimed that both countries had made significant progress on new trade agreements. One of the key outcomes, according to Trump, was China’s agreement to increase purchases of American oil.

Speaking in an interview with Fox News after meeting Xi, Trump said China plans to begin importing more energy from the United States, with shipments expected from Texas, Louisiana, and Alaska. He highlighted China’s growing demand for energy and stressed that the US has abundant oil and gas resources to meet those needs.

Trump also stated that the two sides discussed tensions in the Middle East, particularly the Strait of Hormuz. According to him, Xi supports keeping the vital shipping route open and free from restrictions or tolls. Trump further claimed that China agreed to cooperate on negotiations involving Iran and avoid supplying military equipment to Tehran.

The US president emphasized America’s energy production capabilities, saying the United States now produces more oil and gas than Saudi Arabia and Russia combined. Data from the US Energy Information Administration shows the US produced approximately 23.6 million barrels of oil and liquid fuels per day in 2025, compared to Saudi Arabia’s 11.21 million barrels and Russia’s 10.53 million barrels daily.

Despite the new commitments, trade figures reveal that US oil exports to China have sharply declined in recent years. American crude exports to China reportedly dropped by 95% from 2023 levels, reaching only around 8.4 million barrels in 2025. Overall petroleum exports to China also fell for a second straight year.

China remains the largest buyer of Iranian crude oil, accounting for nearly 90% of Iran’s exports. Reports indicate that China imported around 1.4 million barrels of Iranian oil per day in 2025.

Meanwhile, Chinese officials said the summit produced “a series of new consensus” between the two global powers. Beijing stated that both sides agreed to pursue “constructive and strategic stability” in bilateral relations over the coming years. However, Chinese ministries have not yet officially commented on the proposed increase in American oil purchases.