# Despite tensions, US says China will meet trade commitments | 2020-06-24  | Food Business News

> US Secretary of State Mike Pompeo and Chinese official Yang Jiechi met in Honolulu on June 17 to discuss US-China tensions. Pompeo said China recommitted to its phase one obligations, including $36.5 billion in US food and agricultural purchases in 2020. The sessions produced no new agreements.

- Date: 2020-06-24 · published 2020-06-24T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/52464-despite-tensions-us-says-china-will-meet-trade-commitments-2020-06-24-food
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Reaffirmed Chinese commitments support expectations for US farm export demand, but the lack of new terms and repeated past pledges limit the price impact. Markets will look for actual purchases.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-08-24 | [China’s "Phase One" trade commitments expire soon, then what? - Brownfield Ag News](https://feedsoft.ai/events/45415-china-s-phase-one-trade-commitments-expire-soon-then-what-brownfield-ag-news.md) | +0.8% | -1.5% |
| SOY | 2025-05-13 | [US farmers say Brazil keeps edge in China's soy market despite trade truce \| Reuters](https://feedsoft.ai/events/9507-us-farmers-say-brazil-keeps-edge-in-china-s-soy-market-despite-trade-truce.md) | -1.4% | -0.8% |
| SOY | 2021-01-22 | [China falls short of U.S. trade commitments \| The Western Producer](https://feedsoft.ai/events/49012-china-falls-short-of-u-s-trade-commitments-the-western-producer.md) | -1.2% | +0.5% |
| SOY | 2018-10-02 | [Panama weighs cargo options as US-China trade dries up \| Freight News](https://feedsoft.ai/events/62428-panama-weighs-cargo-options-as-us-china-trade-dries-up-freight-news.md) | +1.4% | -2.2% |
| SOY | 2026-01-20 | [China meets initial soybean purchase goal, but trade agreement faces uncertainty \| AP News](https://feedsoft.ai/events/14611-china-meets-initial-soybean-purchase-goal-but-trade-agreement-faces-uncertainty.md) | +0.4% | +7.2% |
| CORN | 2021-08-24 | [China’s "Phase One" trade commitments expire soon, then what? - Brownfield Ag News](https://feedsoft.ai/events/45415-china-s-phase-one-trade-commitments-expire-soon-then-what-brownfield-ag-news.md) | -0.4% | -10.1% |
| CORN | 2021-01-22 | [China falls short of U.S. trade commitments \| The Western Producer](https://feedsoft.ai/events/49012-china-falls-short-of-u-s-trade-commitments-the-western-producer.md) | +3.6% | +2.1% |
| CORN | 2017-08-04 | [Trump delay on China trade action good news for agriculture](https://feedsoft.ai/events/69324-trump-delay-on-china-trade-action-good-news-for-agriculture.md) | -1.9% | -5.5% |

## Sources

- foodbusinessnews.net: https://www.foodbusinessnews.net/articles/16295-despite-tensions-us-says-china-will-meet-trade-commitments

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