China to Buy 10 Million Tons of U.S. Coal in 2027 and 2028

Investing.com·26 Sep 2026·

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Geopolitics Commodity Macro Oil, Gas & Consumable Fuels

BTU ▲COKINGCOAL ▼

Summary · why it matters

China has agreed to purchase at least 10 million metric tons of U.S. coal in both 2027 and 2028, a commitment that forms part of agreements reached under the newly operational U.S.-China Board of Trade, according to a White House statement reported by Bloomberg. The two countries will also pursue preferential tariffs covering $30 billion of non-sensitive goods from both sides, with U.S. goods eligible including agricultural products, seafood, timber, cosmetics and medical devices, and Chinese products covered including small appliances, toys, holiday decorations and children's car seats. Agriculture will receive separate attention through a newly created working group tasked with addressing market-access barriers, while Washington and Beijing also established a Board of Investment to discuss investment opportunities and address obstacles facing companies seeking to invest across the two markets. The countries agreed to continue discussions over U.S. concerns about supply-chain shortages involving rare earths and other critical minerals, and to continue talks covering emerging technologies, with their next exchange focused on artificial intelligence scheduled to take place by November. The agreements follow the three-day Trump-Xi summit in Washington, and the coal purchase commitment provides a concrete trade measure from the talks, with China set to import at least 20 million metric tons of U.S. coal across the two years.

Peabody Energy Corp ▲Coking Coal Futures (DCE) ▼