# China Sets Up Duty Waivers for U.S. Commodity Purchases - Caixin Global

> China's Ministry of Finance published a list of 696 American products, including soybeans, pork, beef, corn, wheat, crude oil and LNG, eligible for relief from retaliatory duties. Companies can apply for waivers from March 2, with exemptions valid for one year up to approved volumes. This is the first time energy products have been included.

- Date: 2020-02-19 · published 2020-02-19T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/54476-china-sets-up-duty-waivers-for-u-s-commodity-purchases-caixin-global
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The waivers lower the effective cost of US grains and oilseeds for Chinese buyers, which supports US export sales and futures. Volumes above approved quotas remain tariffed, which limits how much extra demand the list can create.

## Read by commodity

- SOY: bullish ▲
- WTI: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-10-23 | [Chinese Buyers Return to Market for U.S. Soy After Tariff Waivers Granted - Caixin Global](https://feedsoft.ai/events/56424-chinese-buyers-return-to-market-for-u-s-soy-after-tariff-waivers-granted-caixin.md) | -1.7% | -2.4% |
| SOY | 2019-11-29 | [U.S. Soy’s Flowing Into China Again as Port Congestion Eases - Caixin Global](https://feedsoft.ai/events/55907-u-s-soy-s-flowing-into-china-again-as-port-congestion-eases-caixin-global.md) | +0.3% | +5.4% |
| SOY | 2020-09-25 | [China Buying Spree Revives Export Profits for Top Crop Traders - Caixin Global](https://feedsoft.ai/events/50989-china-buying-spree-revives-export-profits-for-top-crop-traders-caixin-global.md) | +2.3% | +7.4% |
| SOY | 2017-11-10 | [China inks $5b deals for purchase of U.S. soy](https://feedsoft.ai/events/67862-china-inks-5b-deals-for-purchase-of-u-s-soy.md) | -0.3% | +1.5% |
| SOY | 2020-05-14 | [China’s Pigs Gobble Up Brazilian Soybeans - Caixin Global](https://feedsoft.ai/events/53094-china-s-pigs-gobble-up-brazilian-soybeans-caixin-global.md) | +1.3% | +3.6% |
| CORN | 2020-09-25 | [China Buying Spree Revives Export Profits for Top Crop Traders - Caixin Global](https://feedsoft.ai/events/50989-china-buying-spree-revives-export-profits-for-top-crop-traders-caixin-global.md) | +3.9% | +8.6% |
| CORN | 2026-05-14 | [Trump asks China to increase imports of US farm, food commodities \| S&P Global](https://feedsoft.ai/events/14581-trump-asks-china-to-increase-imports-of-us-farm-food-commodities-s-and-p-global.md) | -0.4% | -7.9% |
| CORN | 2019-12-25 | [Opinion: Despite Phase One Deal, Uncertainty Persists in Sino-U.S. Agricultural Purchases - Caixin Global](https://feedsoft.ai/events/55446-opinion-despite-phase-one-deal-uncertainty-persists-in-sino-u-s-agricultural.md) | +0.6% | +1.6% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2020-02-19/china-sets-up-duty-waivers-for-us-commodity-purchases-101517338.html

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