# Lifting Tariffs on China - AG INFORMATION NETWORK OF THE WEST

> The Biden administration is reportedly considering lifting some tariffs on Chinese goods to ease inflation, which is at a 40-year high. Farm Bureau officials say many U.S. farm products still face Chinese tariffs, including ethanol and dry distillers grains, and that U.S. sales to China remain limited. Commerce Secretary Gina Raimondo said some tariffs will stay in place.

- Date: 2022-06-15 · published 2022-06-15T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/14925-lifting-tariffs-on-china-ag-information-network-of-the-west
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Lower tariffs on U.S. farm products such as DDGS would reopen Chinese demand and support U.S. corn and soybean prices, though the scope of relief is still uncertain.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-04-08 | [China Buys More U.S. Soybeans and Another Roundup Verdict - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/59448-china-buys-more-u-s-soybeans-and-another-roundup-verdict-ag-information-network.md) | -0.4% | -9.1% |
| SOY | 2017-06-02 | [U.S. Trade Rep Meets with Japan and Dairy Spikes due to Foreign Markets - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/4349-u-s-trade-rep-meets-with-japan-and-dairy-spikes-due-to-foreign-markets-ag.md) | +2.8% | +0.4% |
| SOY | 2021-11-03 | [China Willing to Buy $20 Billion of U.S. Ag in Year One - The Scoop](https://feedsoft.ai/events/14981-china-willing-to-buy-20-billion-of-u-s-ag-in-year-one-the-scoop.md) | -3.6% | -1.3% |
| SOY | 2022-06-08 | [Yellen critical of US tariffs on China \| 2022-06-08 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/14923-yellen-critical-of-us-tariffs-on-china-2022-06-08-agri-pulse-communications-inc.md) | -1.7% | -7.9% |
| SOY | 2023-06-01 | [China’s imports of U.S. food on the rise - WEDC](https://feedsoft.ai/events/14834-china-s-imports-of-u-s-food-on-the-rise-wedc.md) | +4.7% | +14.1% |
| CORN | 2017-07-24 | [USTR on Export Status and China Approves 2 More GMOs - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/69911-ustr-on-export-status-and-china-approves-2-more-gmos-ag-information-network-of.md) | -0.9% | -5.6% |
| CORN | 2017-12-01 | [China Boosts U.S. Corn Imports and Good Time for Farm Bill Negotiations - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/67343-china-boosts-u-s-corn-imports-and-good-time-for-farm-bill-negotiations-ag.md) | +0.4% | +6.2% |
| CORN | 2017-07-11 | [Retail Egg Prices Reach New Lows and Another Soda Tax - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/69968-retail-egg-prices-reach-new-lows-and-another-soda-tax-ag-information-network-of.md) | -4.3% | -4.6% |

## Sources

- aginfo.net: https://www.aginfo.net/report/53260/Washington-State-Farm-Bureau-Report/Lifting-Tariffs-on-China

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