# Exclusive: U.S. trade czar Lighthizer's advice for Biden on China - 'Hold their feet to the fire'

> Reuters reports that U.S. trade representative Robert Lighthizer advised the incoming Biden administration to hold China to its Phase 1 commitments. Beijing agreed to boost purchases of U.S. agricultural and manufactured goods, energy and services by $200 billion above 2017 levels over two years.

- Date: 2020-12-17 · published 2020-12-17T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/49505-exclusive-u-s-trade-czar-lighthizer-s-advice-for-biden-on-china-hold-their-feet
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Enforcement of the Phase 1 purchase commitments would sustain Chinese demand for U.S. farm goods, while any slippage would weigh on U.S. export prices.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-01-07 | [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 | 2022-07-13 | [No Decision From President Biden on Lifting China Tariffs...Yet - AgWeb](https://feedsoft.ai/events/14916-no-decision-from-president-biden-on-lifting-china-tariffs-yet-agweb.md) | -7.3% | +6.3% |
| 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 | 2021-12-22 | [India’s Curb on Futures Trade Threatens Food Supply Chain - The Wire](https://feedsoft.ai/events/43556-india-s-curb-on-futures-trade-threatens-food-supply-chain-the-wire.md) | +3.7% | +9.0% |
| 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% |
| 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 | 2023-09-25 | [New Trade, Foreign Aid Dollars From USDA Check Boxes on Stabenow's Farm Bill List](https://feedsoft.ai/events/34086-new-trade-foreign-aid-dollars-from-usda-check-boxes-on-stabenow-s-farm-bill-list.md) | -0.3% | +1.6% |

## Sources

- reuters.com: https://www.reuters.com/article/business/exclusive-us-trade-czar-lighthizers-advice-for-biden-on-china-hold-their-idUSKBN28R0BG/

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