# Xi gains upper hand before Trump summit after US tariff reversal - The Business Times

> The US Supreme Court invalidated Trump's broad emergency tariffs, removing his levies on China and leaving Beijing facing a 15% global fee with a 150-day expiry. Trump is due in Beijing on March 31. Analysts say he has lost leverage to press Xi for larger purchases of soybeans, Boeing aircraft and energy.

- Date: 2026-02-22 · published 2026-02-22T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14603-xi-gains-upper-hand-before-trump-summit-after-us-tariff-reversal-the-business
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Reduced US leverage makes large Chinese purchases of US soybeans less certain, which weighs on expected US soybean export demand.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-05-03 | [Yen gains as risk sentiment sours - The Business Times](https://feedsoft.ai/events/53372-yen-gains-as-risk-sentiment-sours-the-business-times.md) | +0.2% | -0.8% |
| SOY | 2018-07-31 | [US dollar pressures yuan, Australian dollar on tariff reports - The Business Times](https://feedsoft.ai/events/64306-us-dollar-pressures-yuan-australian-dollar-on-tariff-reports-the-business-times.md) | +0.3% | -4.6% |
| SOY | 2018-06-29 | [USDA supply/demand forecast could factor in Mexico, China tariffs - The Business Times](https://feedsoft.ai/events/64550-usda-supply-demand-forecast-could-factor-in-mexico-china-tariffs-the-business.md) | +1.5% | +1.1% |
| SOY | 2019-08-01 | [Dollar falls against yen after Trump whacks China with more tariffs \| Reuters](https://feedsoft.ai/events/57813-dollar-falls-against-yen-after-trump-whacks-china-with-more-tariffs-reuters.md) | -1.8% | -1.3% |
| SOY | 2019-05-31 | [U.S. grains: Trump tariff threat pushes corn, soy, wheat lower - Grainews](https://feedsoft.ai/events/6687-u-s-grains-trump-tariff-threat-pushes-corn-soy-wheat-lower-grainews.md) | -2.3% | -0.1% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/xi-gains-upper-hand-trump-summit-after-us-tariff-reversal

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