China Locks In US Coal Purchases Through 2028 After Trump-Xi Summit

China has agreed to purchase 10 million tons of US coal across 2027 and 2028, according to wire reports following the Trump-Xi summit. The commitment gives American coal producers a multi-year buyer even as domestic demand for the fuel has been squeezed by cheaper natural gas and renewables. The deal lands alongside separate comments from Taiwan, which said continued US arms support serves American interests, a sign that the broader US-China-Taiwan relationship is being recalibrated in the summit's aftermath rather than settled outright. For coal exporters, a fixed two-year purchase volume from China's utilities and steelmakers offers rare demand visibility in a sector that has spent years managing decline. What remains unclear is pricing and which specific US producers or ports will handle the volume, details that will determine how much of this benefits listed coal miners versus state-level trade statistics.