# Will Farmers Gain from the New US-China Trade Truce? | PIIE

> A PIIE analysis says the October 2019 US-China truce calls for China to buy up to $50 billion of US farm goods annually within two years, but the deal is not yet signed. The author argues that sales of that scale are unlikely and that China would become almost 40% of US farm export revenue.

- Date: 2019-11-04 · published 2019-11-04T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/55912-will-farmers-gain-from-the-new-us-china-trade-truce-piie
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Doubts about the feasibility of the purchase pledge temper the bullish case for U.S. soybeans and other farm exports, so price expectations built on the deal carry downside risk.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-02-08 | [Anatomy of a flop: Why Trump's US-China phase one trade deal fell short \| PIIE](https://feedsoft.ai/events/48475-anatomy-of-a-flop-why-trump-s-us-china-phase-one-trade-deal-fell-short-piie.md) | +0.4% | +5.2% |
| SOY | 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) | -1.6% | +0.5% |
| SOY | 2025-10-06 | [Trump bailout for trade-hit US farmers expected this week \| Reuters](https://feedsoft.ai/events/22378-trump-bailout-for-trade-hit-us-farmers-expected-this-week-reuters.md) | -1.1% | +8.0% |
| SOY | 2025-12-08 | [Trump is giving farmers $12 billion in aid \| AP News](https://feedsoft.ai/events/21483-trump-is-giving-farmers-12-billion-in-aid-ap-news.md) | -2.6% | -5.7% |
| 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 | 2018-07-24 | [US to give farmers $12bn trade war bailout](https://feedsoft.ai/events/64018-us-to-give-farmers-12bn-trade-war-bailout.md) | +1.7% | +1.4% |
| CORN | 2021-02-08 | [Anatomy of a flop: Why Trump's US-China phase one trade deal fell short \| PIIE](https://feedsoft.ai/events/48475-anatomy-of-a-flop-why-trump-s-us-china-phase-one-trade-deal-fell-short-piie.md) | -2.3% | -2.3% |

## Sources

- piie.com: https://www.piie.com/blogs/trade-and-investment-policy-watch/will-farmers-gain-new-us-china-trade-truce

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