# USTR and MOFCOM target reciprocal tariff cuts on $60B of trade

> US and Chinese trade officials held the first working meeting of their bilateral Board of Trade by video on Nov. 14, 2026, to negotiate reciprocal tariff cuts on $30 billion of non-sensitive goods each way. The implementation date has not been announced ahead of the Trump-Xi summit.

- Date: 2026-11-14 · published 2026-11-15T12:14:57.805Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/101156-ustr-and-mofcom-target-reciprocal-tariff-cuts-on-60b-of-trade
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The framework covers Chinese agricultural and raw material lines, so a finalised deal could support US farm export demand. Until implementation is announced, the price effect remains uncertain.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-06-18 | [China's African tariff removals, trade surge spur yuan adoption \| Reuters](https://feedsoft.ai/events/8412-china-s-african-tariff-removals-trade-surge-spur-yuan-adoption-reuters.md) | -0.4% | +6.4% |
| SOY | 2017-01-06 | [Ag Groups to Trump: Don't Forget About Us on Trade](https://feedsoft.ai/events/72986-ag-groups-to-trump-don-t-forget-about-us-on-trade.md) | +2.8% | +2.3% |
| SOY | 2019-11-14 | [Trade talks hit bump as China resists US demands on agricultural purchases](https://feedsoft.ai/events/55910-trade-talks-hit-bump-as-china-resists-us-demands-on-agricultural-purchases.md) | +0.3% | -0.5% |
| SOY | 2025-09-25 | [China signals that purchases of US soybeans hinge on tariff removal \| Reuters](https://feedsoft.ai/events/14632-china-signals-that-purchases-of-us-soybeans-hinge-on-tariff-removal-reuters.md) | +0.4% | +2.6% |
| CORN | 2023-06-24 | [Mexico imposes 50% tariff on white corn imports amid trade dispute with U.S. and Canada \| AP News](https://feedsoft.ai/events/35482-mexico-imposes-50-tariff-on-white-corn-imports-amid-trade-dispute-with-u-s-and.md) | -8.7% | -0.3% |
| CORN | 2018-03-26 | [Corn and Beans Lower On China Trade Talk.](https://feedsoft.ai/events/66033-corn-and-beans-lower-on-china-trade-talk.md) | +3.8% | +3.1% |
| CORN | 2025-01-21 | [Trump to hold off on tariffs, report says, easing trade war fears](https://feedsoft.ai/events/12678-trump-to-hold-off-on-tariffs-report-says-easing-trade-war-fears.md) | -0.5% | +3.8% |

## Sources

- eastasiabrief.com: https://eastasiabrief.com/trade-policy/ustr-mofcom-target-reciprocal-tariff-cuts-60b-trade-1423

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