# China and U.S. seek tariff rollback on farm products - TT

> China and the US agreed in principle to include agricultural products in a reciprocal tariff reduction framework after recent talks, according to China's Commerce Ministry. Both sides also set a broad goal of expanding two-way farm trade, without giving details.

- Date: 2026-07-02 · published 2026-07-02T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/14562-china-and-u-s-seek-tariff-rollback-on-farm-products-tt
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Lower tariffs on US farm products would make US soybeans more competitive against Brazilian supply and could restore Chinese demand for US beans.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-09-13 | [China adds some US farm products for additional tariff exemption](https://feedsoft.ai/events/56923-china-adds-some-us-farm-products-for-additional-tariff-exemption.md) | +1.1% | +4.6% |
| SOY | 2019-07-01 | [What extra U.S. farm products could China buy?](https://feedsoft.ai/events/57950-what-extra-u-s-farm-products-could-china-buy.md) | -2.7% | -1.6% |
| SOY | 2020-05-13 | [ADM still optimistic China's U.S. farm products buying will hit Phase 1 target](https://feedsoft.ai/events/52984-adm-still-optimistic-china-s-u-s-farm-products-buying-will-hit-phase-1-target.md) | -0.8% | +1.9% |
| SOY | 2019-10-31 | [Exclusive: Beijing could ax extra tariffs on U.S. farm products to boost imports - China trade association chief](https://feedsoft.ai/events/56422-exclusive-beijing-could-ax-extra-tariffs-on-u-s-farm-products-to-boost-imports.md) | -0.1% | -3.7% |
| SOY | 2021-02-01 | [China buys U.S. ag products, helps boost market prices - Texas Farm Bureau](https://feedsoft.ai/events/48477-china-buys-u-s-ag-products-helps-boost-market-prices-texas-farm-bureau.md) | -0.2% | +1.6% |
| CORN | 2019-10-31 | [Exclusive: Beijing could ax extra tariffs on U.S. farm products to boost imports - China trade association chief](https://feedsoft.ai/events/56422-exclusive-beijing-could-ax-extra-tariffs-on-u-s-farm-products-to-boost-imports.md) | +0.9% | -1.2% |
| CORN | 2021-02-01 | [China buys U.S. ag products, helps boost market prices - Texas Farm Bureau](https://feedsoft.ai/events/48477-china-buys-u-s-ag-products-helps-boost-market-prices-texas-farm-bureau.md) | +0.8% | -2.0% |
| CORN | 2018-08-23 | [China's July grain imports plunge as tariffs on U.S. supplies bite \| Farmtario](https://feedsoft.ai/events/63415-china-s-july-grain-imports-plunge-as-tariffs-on-u-s-supplies-bite-farmtario.md) | -1.9% | -1.8% |

## Sources

- ttnews.com: https://www.ttnews.com/articles/china-us-ag-tariff-rollback

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