# US and China hold first trade council meeting, but no deal on the $60 billion tariff cut

> The US and China held the first meeting of their new trade council, discussing tariffs, a proposed reciprocal tariff-cut arrangement and farm trade, but no agreement was announced. A Reuters analysis cited in the article found Chinese purchases of US farm goods other than soybeans are on track for a seven-year low.

- Date: 2026-11-14 · published 2026-11-15T06:06:11.683Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/100740-us-and-china-hold-first-trade-council-meeting-but-no-deal-on-the-60-billion
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Weak Chinese buying of US farm goods outside soybeans keeps export demand soft, while an unresolved tariff deal leaves uncertainty over soybean trade. Soybean futures closed at 1,243 cents, 6.4% below the September peak.

## Read by commodity

- SOY: neutral
- WHEAT: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-10-28 | [The fine print of Trump's China tariff deal - Brownfield Ag News](https://feedsoft.ai/events/56429-the-fine-print-of-trump-s-china-tariff-deal-brownfield-ag-news.md) | +0.4% | -2.5% |
| SOY | 2019-12-13 | [How US-China trade deal achieved a little but left out a lot \| AP News](https://feedsoft.ai/events/55448-how-us-china-trade-deal-achieved-a-little-but-left-out-a-lot-ap-news.md) | +2.9% | +3.5% |
| SOY | 2019-02-12 | [Financial, forex trading to be muted on looming US-China trade deadline](https://feedsoft.ai/events/60863-financial-forex-trading-to-be-muted-on-looming-us-china-trade-deadline.md) | -0.5% | -2.2% |
| SOY | 2018-04-08 | [As U.S. and China trade tariff barbs, others scoop up U.S. soybeans](https://feedsoft.ai/events/65547-as-u-s-and-china-trade-tariff-barbs-others-scoop-up-u-s-soybeans.md) | +2.0% | -0.6% |
| SOY | 2021-09-01 | [China’s bumper harvest may cool corn-buying binge, impact progress of US trade deal \| South China Morning Post](https://feedsoft.ai/events/44955-china-s-bumper-harvest-may-cool-corn-buying-binge-impact-progress-of-us-trade.md) | -2.2% | -1.2% |
| WHEAT | 2024-02-06 | [Trump Considering 60% Tariff on China \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14778-trump-considering-60-tariff-on-china-farm-policy-news-illinois.md) | -3.6% | -0.2% |
| WHEAT | 2018-07-09 | [As Tariffs Bite, China Cancels U.S. Soy Deals and Hunt Is on for New Export Markets](https://feedsoft.ai/events/63898-as-tariffs-bite-china-cancels-u-s-soy-deals-and-hunt-is-on-for-new-export.md) | -1.9% | +3.4% |
| WHEAT | 2025-02-04 | [How is China hitting back against US tariffs?](https://feedsoft.ai/events/14684-how-is-china-hitting-back-against-us-tariffs.md) | -0.4% | -3.4% |

## Sources

- thecompanychronicle.com: https://thecompanychronicle.com/story/china-us-first-trade-council-meeting-tariffs-farm-trade-shenzhen-xi-trump-november-14-2026

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.