# Anatomy of a flop: Why Trump's US-China phase one trade deal fell short | PIIE

> Chad Bown of the Peterson Institute argues the phase one US-China trade deal largely failed, as China was never on pace to meet its $200 billion purchase pledge. He recommends keeping some elements, such as nontariff barrier commitments, while scrapping the purchase targets.

- Date: 2021-02-08 · published 2021-02-08T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/48475-anatomy-of-a-flop-why-trump-s-us-china-phase-one-trade-deal-fell-short-piie
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Analysis suggesting purchase commitments will not be fully met raises the risk that expected Chinese ag buying falls short, a modest bearish factor for U.S. farm commodity prices.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-04-24 | [Will a US-China Trade Deal Remove or Just Restructure the Massive 2018 Tariffs? \| PIIE](https://feedsoft.ai/events/59450-will-a-us-china-trade-deal-remove-or-just-restructure-the-massive-2018-tariffs.md) | -2.4% | -4.6% |
| SOY | 2019-11-04 | [Will Farmers Gain from the New US-China Trade Truce? \| PIIE](https://feedsoft.ai/events/55912-will-farmers-gain-from-the-new-us-china-trade-truce-piie.md) | -0.5% | -5.8% |
| SOY | 2020-01-07 | [China won't hike grain import quotas for U.S. trade deal: Caixin](https://feedsoft.ai/events/54941-china-won-t-hike-grain-import-quotas-for-u-s-trade-deal-caixin.md) | -0.4% | -5.7% |
| SOY | 2021-01-22 | [Column: Biden should revisit China trade deal to weed out problem spots for U.S. agriculture](https://feedsoft.ai/events/49010-column-biden-should-revisit-china-trade-deal-to-weed-out-problem-spots-for-u-s.md) | -1.2% | +0.5% |
| SOY | 2020-06-16 | [Farm groups urge preservation of China trade deal \| 2020-06-15  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/52468-farm-groups-urge-preservation-of-china-trade-deal-2020-06-15-agri-pulse.md) | +0.8% | +1.5% |
| CORN | 2019-04-24 | [Will a US-China Trade Deal Remove or Just Restructure the Massive 2018 Tariffs? \| PIIE](https://feedsoft.ai/events/59450-will-a-us-china-trade-deal-remove-or-just-restructure-the-massive-2018-tariffs.md) | -1.5% | +5.3% |
| CORN | 2019-11-04 | [Will Farmers Gain from the New US-China Trade Truce? \| PIIE](https://feedsoft.ai/events/55912-will-farmers-gain-from-the-new-us-china-trade-truce-piie.md) | +0.9% | +1.4% |
| CORN | 2021-01-22 | [Column: Biden should revisit China trade deal to weed out problem spots for U.S. agriculture](https://feedsoft.ai/events/49010-column-biden-should-revisit-china-trade-deal-to-weed-out-problem-spots-for-u-s.md) | +3.6% | +2.1% |

## Sources

- piie.com: https://www.piie.com/blogs/trade-and-investment-policy-watch/2021/anatomy-flop-why-trumps-us-china-phase-one-trade-deal

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