# US-China Relations Stabilize as Xi and Trump Secure Tariff Reductions - Los Angeles Times

> China released a list of eight deliverables from a summit between Xi and Trump, including a $30 billion arrangement for reciprocal tariff reductions. The outcomes also extend the Kuala Lumpur economic and trade consultations and establish a Board of Trade.

- Date: 2026-11-01 · published 2026-11-01T06:13:46.023Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/4459-us-china-relations-stabilize-as-xi-and-trump-secure-tariff-reductions-los
- 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

Reciprocal tariff cuts and an extended trade framework reduce the risk of renewed farm trade retaliation. This supports US export demand for feed grains and oilseeds.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-04-15 | [China to consider US request to shift tariffs on farm goods - The Business Times](https://feedsoft.ai/events/59453-china-to-consider-us-request-to-shift-tariffs-on-farm-goods-the-business-times.md) | -2.0% | -11.6% |
| SOY | 2020-12-29 | [Soybean complex temporary tariff reduction to end in January](https://feedsoft.ai/events/49493-soybean-complex-temporary-tariff-reduction-to-end-in-january.md) | +7.5% | +9.5% |
| SOY | 2026-10-02 | [US and China Unveil $30 Billion Tariff-Cut Framework for Agricultural Exports - Beijing Post](https://feedsoft.ai/events/4457-us-and-china-unveil-30-billion-tariff-cut-framework-for-agricultural-exports.md) | +0.3% | -5.0% |
| SOY | 2023-09-28 | [Crop Traders Urge Argentina to Liberalize Soy Production and Exports Ahead of Election](https://feedsoft.ai/events/13951-crop-traders-urge-argentina-to-liberalize-soy-production-and-exports-ahead-of.md) | -2.3% | -1.2% |
| SOY | 2022-05-13 | [US-China Trade War Tariffs Have Hurt American Industries, Workers](https://feedsoft.ai/events/14934-us-china-trade-war-tariffs-have-hurt-american-industries-workers.md) | +1.8% | +5.1% |
| CORN | 2019-04-15 | [China to consider US request to shift tariffs on farm goods - The Business Times](https://feedsoft.ai/events/59453-china-to-consider-us-request-to-shift-tariffs-on-farm-goods-the-business-times.md) | +0.4% | -2.5% |
| CORN | 2018-05-11 | [China looking to rely less on US for soybeans](https://feedsoft.ai/events/64916-china-looking-to-rely-less-on-us-for-soybeans.md) | -0.1% | -2.8% |
| CORN | 2026-10-02 | [US and China Unveil $30 Billion Tariff-Cut Framework for Agricultural Exports - Beijing Post](https://feedsoft.ai/events/4457-us-and-china-unveil-30-billion-tariff-cut-framework-for-agricultural-exports.md) | -1.6% | -7.0% |

## Sources

- latimes.com: https://www.latimes.com/specialsupplements/china-watch/story/us-china-stabiize-relations-secure-tariff

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