# Exclusive: Beijing could ax extra tariffs on U.S. farm products to boost imports - China trade association chief

> Beijing could remove extra tariffs imposed since last year on U.S. farm products, according to the head of a government-backed trade association. The move would let importers buy up to $50 billion of U.S. goods without being directed to buy specific amounts.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/56422-exclusive-beijing-could-ax-extra-tariffs-on-u-s-farm-products-to-boost-imports
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lifting retaliatory tariffs would restore U.S. soybean and grain competitiveness in China, supporting U.S. export demand and bullish sentiment for soybeans and corn.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-07-01 | [What extra U.S. farm products could China buy?](https://feedsoft.ai/events/57950-what-extra-u-s-farm-products-could-china-buy.md) | -2.7% | -1.6% |
| SOY | 2026-07-02 | [China and U.S. seek tariff rollback on farm products - TT](https://feedsoft.ai/events/14562-china-and-u-s-seek-tariff-rollback-on-farm-products-tt.md) | +4.2% | +6.8% |
| SOY | 2020-07-30 | [China needs 'explosive' buying to meet U.S. farm import target](https://feedsoft.ai/events/51979-china-needs-explosive-buying-to-meet-u-s-farm-import-target.md) | -1.1% | +3.1% |
| SOY | 2019-09-13 | [China adds some US farm products for additional tariff exemption](https://feedsoft.ai/events/56923-china-adds-some-us-farm-products-for-additional-tariff-exemption.md) | +1.1% | +4.6% |
| SOY | 2018-05-21 | [Trade truce with China could boost US beef, soybeans and other agriculture products](https://feedsoft.ai/events/64915-trade-truce-with-china-could-boost-us-beef-soybeans-and-other-agriculture.md) | +4.3% | -9.0% |
| CORN | 2026-07-02 | [China and U.S. seek tariff rollback on farm products - TT](https://feedsoft.ai/events/14562-china-and-u-s-seek-tariff-rollback-on-farm-products-tt.md) | +0.2% | +4.0% |
| CORN | 2018-08-23 | [China's July grain imports plunge as tariffs on U.S. supplies bite \| Farmtario](https://feedsoft.ai/events/63415-china-s-july-grain-imports-plunge-as-tariffs-on-u-s-supplies-bite-farmtario.md) | -1.9% | -1.8% |
| CORN | 2018-05-21 | [Trade truce with China could boost US beef, soybeans and other agriculture products](https://feedsoft.ai/events/64915-trade-truce-with-china-could-boost-us-beef-soybeans-and-other-agriculture.md) | +0.4% | -6.9% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-china-agriculture/exclusive-beijing-could-ax-extra-tariffs-on-u-s-farm-products-to-boost-imports-china-trade-association-chief-idUSKBN1XA0L4/

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