The United States and China reached a preliminary trade arrangement covering selected U.S. agricultural exports and medical equipment, alongside particular Chinese consumer goods considered non-strategic, U.S. Trade Representative Jamieson Greer said after President Donald Trump's meeting with Chinese President Xi Jinping. The countries also extended their trade-negotiation framework through Jan. 10, 2027, giving them an additional two months for discussions. Greer said trade dominated the meeting and that fuller details of the limited agreement would be released Monday. Trump described his talks with Xi as highly successful and said further developments were forthcoming. David Perdue, U.S. Ambassador to China, said Trump also told Xi that Chinese support for Iran was unacceptable, including direct and indirect assistance. The existing arrangement leaves selected agricultural, medical-device and non-sensitive consumer categories outside trade disputes and possible future tariff actions, while high-quality U.S.-made chips requiring licenses remain outside the negotiations. Soybean futures remained near $13 per bushel as traders awaited details on Chinese purchases and tariff relief, while uncertainty persisted over Beijing's broader agricultural buying commitments.