# What is the toll of trade wars on U.S. agriculture? | PBS News

> An Econofact analysis says U.S. farm exports to China fell from $15.8 billion in 2017 to $5.9 billion in 2018, and remained depressed in 2019. The U.S. government says the Phase 1 deal commits China to $40 billion of farm purchases in 2020, which analysts question given the historical peak of $26 billion. Some of the figure may reflect recategorized Hong Kong trade and higher pork import demand from African swine fever.

- Date: 2020-01-16 · published 2020-01-16T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/55070-what-is-the-toll-of-trade-wars-on-u-s-agriculture-pbs-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Whether the $40 billion target is met largely determines the extra export demand for U.S. soybeans, corn and other feed grains. Doubts about the target weigh on expectations for U.S. feed-grain prices.

## Read by commodity

- SOY: bearish ▼
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-07-11 | [Trade War Repercussions for U.S. Agriculture](https://feedsoft.ai/events/63896-trade-war-repercussions-for-u-s-agriculture.md) | -1.5% | +4.3% |
| SOY | 2019-12-13 | [U.S. agriculture wary of Trump's China sales pledge, more meat a must](https://feedsoft.ai/events/55444-u-s-agriculture-wary-of-trump-s-china-sales-pledge-more-meat-a-must.md) | +2.9% | +3.5% |
| SOY | 2022-01-11 | [The Economic Impacts of Retaliatory Tariffs on U.S. Agriculture - WITA](https://feedsoft.ai/events/43144-the-economic-impacts-of-retaliatory-tariffs-on-u-s-agriculture-wita.md) | -1.0% | +14.1% |
| SOY | 2026-06-09 | [China's role in US agriculture isn't what it used to be \| Reuters](https://feedsoft.ai/events/12563-china-s-role-in-us-agriculture-isn-t-what-it-used-to-be-reuters.md) | +0.3% | +7.1% |
| SOY | 2018-08-01 | [Why Soybeans Are at the Heart of the U.S.-China Trade War](https://feedsoft.ai/events/64080-why-soybeans-are-at-the-heart-of-the-u-s-china-trade-war.md) | -1.6% | -9.2% |
| CORN | 2021-04-20 | [Economic Study Quantifies the Cost of the Trade War on U.S. Agriculture](https://feedsoft.ai/events/47582-economic-study-quantifies-the-cost-of-the-trade-war-on-u-s-agriculture.md) | +14.8% | +12.7% |
| 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% |
| CORN | 2017-04-19 | [Agricultural Trade and Trump - Farm Policy News](https://feedsoft.ai/events/71367-agricultural-trade-and-trump-farm-policy-news.md) | +1.2% | +2.3% |

## Sources

- pbs.org: https://www.pbs.org/newshour/economy/making-sense/what-is-the-toll-of-trade-wars-on-u-s-agriculture

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