# China looks forward to discussions with US commerce chief as trade flows slow

> China says it looks forward to talks with the US commerce chief as bilateral trade flows slow. Two-way trade reached a record $690 billion last year, with China's demand for US farm products and energy part of that total. Analysts attribute much of the value to inflation.

- Date: 2023-08-24 · published 2023-08-24T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/14823-china-looks-forward-to-discussions-with-us-commerce-chief-as-trade-flows-slow
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Slowing bilateral trade and possible tariff talks create uncertainty for US farm export demand, though no specific policy change is announced here.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-12-07 | [U.S. trade chief says China has complied with terms of trade deals \| Fortune](https://feedsoft.ai/events/14616-u-s-trade-chief-says-china-has-complied-with-terms-of-trade-deals-fortune.md) | -2.6% | -5.7% |
| SOY | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +0.6% | +1.1% |
| SOY | 2019-08-27 | [Forex markets: US-China trade tensions in focus](https://feedsoft.ai/events/57811-forex-markets-us-china-trade-tensions-in-focus.md) | +0.3% | +4.7% |
| SOY | 2020-01-15 | [China deal to open flood gates for US ag trade \| 2020-01-15  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/55159-china-deal-to-open-flood-gates-for-us-ag-trade-2020-01-15-agri-pulse.md) | -1.6% | -3.9% |
| SOY | 2020-05-28 | [China securing Brazilian soy with US trade tensions rising](https://feedsoft.ai/events/53167-china-securing-brazilian-soy-with-us-trade-tensions-rising.md) | +1.1% | +2.6% |
| CORN | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +2.4% | +3.2% |
| CORN | 2019-08-27 | [Forex markets: US-China trade tensions in focus](https://feedsoft.ai/events/57811-forex-markets-us-china-trade-tensions-in-focus.md) | -0.2% | +1.7% |
| CORN | 2020-01-15 | [China deal to open flood gates for US ag trade \| 2020-01-15  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/55159-china-deal-to-open-flood-gates-for-us-ag-trade-2020-01-15-agri-pulse.md) | +0.3% | -2.4% |

## Sources

- reuters.com: https://www.reuters.com/world/china-looks-forward-in-depth-discussions-with-us-resolving-trade-issues-2023-08-24/

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