# More pain than gain: How the US-China trade war hurt America

> Brookings analysts argue the US-China phase one trade deal and the trade war before it have significantly hurt the American economy without resolving the underlying concerns. The piece notes the deal's commitment of an additional $200 billion in US goods purchases by the end of 2021.

- Date: 2020-09-01 · published 2020-09-01T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/51606-more-pain-than-gain-how-the-us-china-trade-war-hurt-america
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The deal's purchase commitments underpin expected US exports of grains and oilseeds to China, so doubts about its durability are a risk to export demand. The article is an opinion analysis with no new trade action.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-01-26 | [America's farmers stand to lose the most in a China trade war](https://feedsoft.ai/events/72863-america-s-farmers-stand-to-lose-the-most-in-a-china-trade-war.md) | +1.9% | +1.7% |
| CORN | 2019-05-08 | [Trade war: US-China trade battle in charts](https://feedsoft.ai/events/10431-trade-war-us-china-trade-battle-in-charts.md) | +0.3% | +10.5% |
| CORN | 2024-12-12 | [Trump trade war to hurt farmers as China turns to Brazil](https://feedsoft.ai/events/14698-trump-trade-war-to-hurt-farmers-as-china-turns-to-brazil.md) | -0.0% | +5.6% |
| CORN | 2025-04-15 | [Trump trade war dries up sorghum sales to China but US farmers plan to plant more](https://feedsoft.ai/events/25177-trump-trade-war-dries-up-sorghum-sales-to-china-but-us-farmers-plan-to-plant.md) | -0.8% | -6.8% |
| CORN | 2019-08-01 | [Trump escalates trade war with more China tariffs](https://feedsoft.ai/events/8497-trump-escalates-trade-war-with-more-china-tariffs.md) | -3.0% | -7.6% |
| SOY | 2017-01-26 | [America's farmers stand to lose the most in a China trade war](https://feedsoft.ai/events/72863-america-s-farmers-stand-to-lose-the-most-in-a-china-trade-war.md) | -1.8% | -4.1% |
| SOY | 2018-08-01 | [The bean at the heart of America's trade war](https://feedsoft.ai/events/63573-the-bean-at-the-heart-of-america-s-trade-war.md) | -1.6% | -9.2% |
| SOY | 2018-07-11 | [Why US-China trade war is weakening the South African rand \| CNBC Africa](https://feedsoft.ai/events/64325-why-us-china-trade-war-is-weakening-the-south-african-rand-cnbc-africa.md) | -1.5% | +4.3% |

## Sources

- brookings.edu: https://www.brookings.edu/articles/more-pain-than-gain-how-the-us-china-trade-war-hurt-america/

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