# US and China Unveil $30 Billion Tariff-Cut Framework for Agricultural Exports - Beijing Post

> Washington and Beijing agreed on tariff reductions covering 77 categories of American agricultural products, including beef, dairy and grain. The framework is valued at about $30 billion and follows a high-level presidential summit.

- Date: 2026-10-02 · published 2026-10-02T12:00:00.000Z
- Category: policy · region China · magnitude high
- Page: https://feedsoft.ai/events/4457-us-and-china-unveil-30-billion-tariff-cut-framework-for-agricultural-exports
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower Chinese tariffs on US farm goods improve export access and support demand for US grains, dairy and beef. This is a major policy shift that could lift US ag prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- HOGS: bullish ▲
- MILK: bullish ▲
- WHEAT: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-04-03 | [Economic Update: Several dairy bills receive support in Congress \| Ag Proud](https://feedsoft.ai/events/5651-economic-update-several-dairy-bills-receive-support-in-congress-ag-proud.md) | +0.7% | +7.4% |
| MILK | 2020-04-18 | [Trump’s farm aid bailout program, explained \| Vox](https://feedsoft.ai/events/53627-trump-s-farm-aid-bailout-program-explained-vox.md) | -1.6% | -8.7% |
| MILK | 2018-01-05 | [Prices slumping, include milk in Rs 35-bn stabilisation fund: Farm Ministry \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/5204-prices-slumping-include-milk-in-rs-35-bn-stabilisation-fund-farm-ministry.md) | -1.7% | -3.0% |
| MILK | 2020-04-17 | [USDA Announces Coronavirus Food Assistance Program \| USDA](https://feedsoft.ai/events/53623-usda-announces-coronavirus-food-assistance-program-usda.md) | -1.6% | -6.9% |
| MILK | 2019-10-28 | [USDA purchases $50 million in fluid milk](https://feedsoft.ai/events/4106-usda-purchases-50-million-in-fluid-milk.md) | +8.1% | +9.1% |
| LCATTLE | 2026-06-01 | [Latest U.S.-China Agriculture Talks Expand Purchasing Pledges Beyond Soybeans](https://feedsoft.ai/events/14569-latest-u-s-china-agriculture-talks-expand-purchasing-pledges-beyond-soybeans.md) | -0.5% | +1.5% |
| LCATTLE | 2020-02-24 | [The 2020 Outlook for U.S. Agriculture From USDA’s Chief Economist - Farm Policy News](https://feedsoft.ai/events/54630-the-2020-outlook-for-u-s-agriculture-from-usda-s-chief-economist-farm-policy.md) | -2.6% | -13.2% |
| LCATTLE | 2022-11-29 | [Removal of China’s domestic price trade barriers could increase China’s imports of agricultural commodities - High Plains Journal](https://feedsoft.ai/events/14880-removal-of-china-s-domestic-price-trade-barriers-could-increase-china-s-imports.md) | +0.3% | +1.5% |

## Sources

- beijingpost.com: https://beijingpost.com/us-and-china-unveil-30-billion-tariff-cut-framework-for-agricultural-exports
- nationalhogfarmer.com: https://www.nationalhogfarmer.com/farm-policy-news/pork-gets-a-seat-at-the-china-table-as-farm-bill-waits-out-the-midterms

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