# Biden administration: New trade policy ahead

> A CoBank economist said the incoming Biden administration will likely take a more multilateral approach to trade than Trump's bilateral tariffs, forming coalitions to counter China. She noted that the new administration must first handle COVID and the economy.

- Date: 2021-01-21 · published 2021-01-21T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/49116-biden-administration-new-trade-policy-ahead
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A shift toward coalition-based trade and possible easing of Trump-era tariffs could improve export access for US ag products over time, but no near-term tariff change has been announced.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-04-14 | [Washington Week Ahead: Biden trade policy gets Hill scrutiny \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/30722-washington-week-ahead-biden-trade-policy-gets-hill-scrutiny-agri-pulse.md) | -2.0% | +2.6% |
| SOY | 2024-07-18 | [Trade Policy Also Important in Next Farm Bill](https://feedsoft.ai/events/29256-trade-policy-also-important-in-next-farm-bill.md) | +1.3% | -10.7% |
| SOY | 2021-11-02 | [Trade and US Agriculture: What to Expect from the Biden Administration \| American Enterprise Institute - AEI](https://feedsoft.ai/events/44032-trade-and-us-agriculture-what-to-expect-from-the-biden-administration-american.md) | -4.8% | -1.6% |
| SOY | 2021-01-14 | [Biden administration policy decisions will directly affect 2021 US farm economy \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/49113-biden-administration-policy-decisions-will-directly-affect-2021-us-farm-economy.md) | -2.9% | -3.1% |
| SOY | 2017-01-12 | [FACT SHEET: The Obama Administration’s Record on the Trade Enforcement \| whitehouse.gov](https://feedsoft.ai/events/72860-fact-sheet-the-obama-administration-s-record-on-the-trade-enforcement.md) | +6.7% | +4.7% |
| CORN | 2024-04-17 | [Tai Promotes Biden Administration’s Trade Agenda \| Red River Farm Network](https://feedsoft.ai/events/30727-tai-promotes-biden-administration-s-trade-agenda-red-river-farm-network.md) | +0.2% | +2.7% |
| CORN | 2024-04-14 | [Washington Week Ahead: Biden trade policy gets Hill scrutiny \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/30722-washington-week-ahead-biden-trade-policy-gets-hill-scrutiny-agri-pulse.md) | -0.2% | +2.0% |
| CORN | 2024-07-18 | [Trade Policy Also Important in Next Farm Bill](https://feedsoft.ai/events/29256-trade-policy-also-important-in-next-farm-bill.md) | +2.4% | -0.9% |

## Sources

- farmprogress.com: https://www.farmprogress.com/business/biden-administration-new-trade-approach-ahead

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