# Column: Biden should revisit China trade deal to weed out problem spots for U.S. agriculture

> A Reuters column argues the Biden administration should revisit the Phase 1 trade deal to address trade barriers affecting U.S. agriculture. The deal targeted China's 2020 U.S. farm imports to rise at least 50% above 2017 levels.

- Date: 2021-01-22 · published 2021-01-22T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/49010-column-biden-should-revisit-china-trade-deal-to-weed-out-problem-spots-for-u-s
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Uncertainty over whether the Phase 1 deal will be enforced or renegotiated affects expectations for future Chinese purchases of U.S. farm goods, but it does not itself move prices.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-04-28 | [Trade Is Top Priority At U.S.-China Agricultural Dialogue - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/14944-trade-is-top-priority-at-u-s-china-agricultural-dialogue-u-s-grains-and.md) | -3.3% | -2.6% |
| SOY | 2020-12-17 | [Exclusive: U.S. trade czar Lighthizer's advice for Biden on China - 'Hold their feet to the fire'](https://feedsoft.ai/events/49505-exclusive-u-s-trade-czar-lighthizer-s-advice-for-biden-on-china-hold-their-feet.md) | +6.3% | +19.7% |
| SOY | 2019-01-29 | [China’s Retaliatory Tariffs on U.S. Agricultural Products - EveryCRSReport.com](https://feedsoft.ai/events/60961-china-s-retaliatory-tariffs-on-u-s-agricultural-products-everycrsreport-com.md) | -0.5% | -2.1% |
| SOY | 2019-06-16 | [Senate Agriculture Committee Trade Hearing- USMCA, China, and MFP Payments](https://feedsoft.ai/events/58573-senate-agriculture-committee-trade-hearing-usmca-china-and-mfp-payments.md) | +0.7% | +0.6% |
| SOY | 2022-06-02 | [Should We Set Up Export-Taxes For Africultural Products? Failing To See The Forest For The Trees In Argentina](https://feedsoft.ai/events/14027-should-we-set-up-export-taxes-for-africultural-products-failing-to-see-the.md) | +2.9% | -0.9% |
| CORN | 2022-04-28 | [Trade Is Top Priority At U.S.-China Agricultural Dialogue - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/14944-trade-is-top-priority-at-u-s-china-agricultural-dialogue-u-s-grains-and.md) | -7.5% | -2.6% |
| CORN | 2020-12-17 | [Exclusive: U.S. trade czar Lighthizer's advice for Biden on China - 'Hold their feet to the fire'](https://feedsoft.ai/events/49505-exclusive-u-s-trade-czar-lighthizer-s-advice-for-biden-on-china-hold-their-feet.md) | -1.9% | +15.2% |
| CORN | 2020-12-01 | [Mexican Grain Team: NAFTA Is A Good Deal For U.S. Agriculture \| Feed & Grain](https://feedsoft.ai/events/49605-mexican-grain-team-nafta-is-a-good-deal-for-u-s-agriculture-feed-and-grain.md) | -0.4% | +1.4% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-grains-braun/column-biden-should-revisit-china-trade-deal-to-weed-out-problem-spots-for-u-s-agriculture-idUSKBN29R15D/

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