# The Phase One Deal: Not Dead in the Water — Breakwave Advisors

> Breakwave Advisors notes that Chinese imports of U.S. goods under the Phase One deal reached $99.9 billion in 2020 against $159 billion implied, and farm purchases hit only 64% of the $36.6 billion target. The incoming Biden administration and USTR Katherine Tai have pledged to hold China to its obligations.

- Date: 2021-03-04 · published 2021-03-04T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/47972-the-phase-one-deal-not-dead-in-the-water-breakwave-advisors
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Shortfalls against the deal leave room for further Chinese purchase pressure on U.S. farm exports, but a firm enforcement stance adds uncertainty about future trade flows.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-02-08 | [Anatomy of a flop: Why Trump's US-China phase one trade deal fell short \| PIIE](https://feedsoft.ai/events/48475-anatomy-of-a-flop-why-trump-s-us-china-phase-one-trade-deal-fell-short-piie.md) | +0.4% | +5.2% |
| SOY | 2024-09-04 | [EUDR watch: Discover the latest on this groundbreaking legislation](https://feedsoft.ai/events/28331-eudr-watch-discover-the-latest-on-this-groundbreaking-legislation.md) | -2.0% | +6.0% |
| SOY | 2024-06-04 | [Here Are The Notable Changes In The House Farm Bill - AgWeb](https://feedsoft.ai/events/29764-here-are-the-notable-changes-in-the-house-farm-bill-agweb.md) | +0.3% | -1.6% |
| SOY | 2019-07-25 | [Trump administration reveals details of $16 billion farm bailout in U.S. trade war - The Washington Post](https://feedsoft.ai/events/58071-trump-administration-reveals-details-of-16-billion-farm-bailout-in-u-s-trade.md) | -3.0% | -3.4% |
| SOY | 2018-11-09 | [Denmark leading the way against deforestation in the EU - The Copenhagen Post](https://feedsoft.ai/events/62076-denmark-leading-the-way-against-deforestation-in-the-eu-the-copenhagen-post.md) | +2.4% | +4.9% |
| CORN | 2021-02-08 | [Anatomy of a flop: Why Trump's US-China phase one trade deal fell short \| PIIE](https://feedsoft.ai/events/48475-anatomy-of-a-flop-why-trump-s-us-china-phase-one-trade-deal-fell-short-piie.md) | -2.3% | -2.3% |
| CORN | 2025-03-21 | [Ongoing Debate: The Prohibition of GMO Corn in Mexico \| Wilson Center](https://feedsoft.ai/events/25527-ongoing-debate-the-prohibition-of-gmo-corn-in-mexico-wilson-center.md) | -4.7% | +0.6% |
| CORN | 2019-07-25 | [Trump administration reveals details of $16 billion farm bailout in U.S. trade war - The Washington Post](https://feedsoft.ai/events/58071-trump-administration-reveals-details-of-16-billion-farm-bailout-in-u-s-trade.md) | -1.8% | -11.4% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2021/3/4/the-phase-one-deal-not-dead-in-the-water

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