# Q: China has committed to purchasing at least USD 17 billion worth of U.S. agricultural products every year, including soybeans. Could you provide an update? Specifically, when are these purchases expected to gradually increase? In addition, is there a plan to reduce or eliminate the remaining 10% tariff on U.S. agricultural products? (MOFCOM Regular Press Conference July 2, 2026)

> China's Ministry of Commerce said on July 2 that the two sides agreed in principle to include agricultural products in a reciprocal tariff reduction framework. It also said both countries aim to expand two-way farm trade, with purchases left to businesses based on market conditions and demand.

- Date: 2026-07-10 · published 2026-07-10T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14560-q-china-has-committed-to-purchasing-at-least-usd-17-billion-worth-of-u-s
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A tariff rollback on US farm goods would lower the landed cost of US soybeans and could lift Chinese purchases, supporting US soybean prices relative to Brazilian supply.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-01-15 | [China to purchase $36 bil of US agricultural products in 2020, $43 bil in 2021: governments \| S&P Global](https://feedsoft.ai/events/54943-china-to-purchase-36-bil-of-us-agricultural-products-in-2020-43-bil-in-2021.md) | -1.6% | -3.9% |
| SOY | 2022-03-04 | [China boosts US agriculture purchases over ‘very tight’ soybeans supply concerns, Ukraine corn worries \| South China Morning Post](https://feedsoft.ai/events/14948-china-boosts-us-agriculture-purchases-over-very-tight-soybeans-supply-concerns.md) | +1.2% | -3.7% |
| SOY | 2018-05-21 | [Trade truce with China could boost US beef, soybeans and other agriculture products](https://feedsoft.ai/events/64915-trade-truce-with-china-could-boost-us-beef-soybeans-and-other-agriculture.md) | +4.3% | -9.0% |
| SOY | 2026-10-26 | [Cash market update: Wheat falls on rising supply despite Black Sea risks as China’s US soybean purchases near 70% of its commitment - Fastmarkets](https://feedsoft.ai/events/442-cash-market-update-wheat-falls-on-rising-supply-despite-black-sea-risks-as.md) | -1.5% | — |
| SOY | 2026-02-05 | [Soybeans Rally on Additional China Purchases: Will They Really Buy? - AgWeb](https://feedsoft.ai/events/20642-soybeans-rally-on-additional-china-purchases-will-they-really-buy-agweb.md) | +2.9% | +6.5% |

## Sources

- english.mofcom.gov.cn: https://english.mofcom.gov.cn/News/PressConference/art/2026/art_eaf9411e9da344d69d9e6d30245d2531.html

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