President Donald Trump's trip to China is expected to have significant implications on American farmers, manufacturers, and consumer costs. The U.S. is seeking to stabilize its relationship with China following a trade truce announced in October. The country imports over $300 billion worth of goods from China annually, with a current tariff rate of about 24%. The Dallas Federal Reserve estimated tariff collections increased March 2026 core PCE inflation by about 0.80 percentage points. The Labor Department data showed wholesale prices rose 6% over the past year, the biggest increase since late 2022. Key questions include whether China will commit to buying more American goods, which could benefit farmers, manufacturer's, and companies seeking access to the Chinese market.