# The fine print of Trump's China tariff deal - Brownfield Ag News

> Details of the U.S.-China phase one deal show that the $40-50 billion farm purchase pledge is a ramp-up, with an expected return to pre-trade-war import levels of $20-24 billion in the first year. Chinese officials publicly confirmed intentions to increase imports of U.S. agriculture and consumer goods.

- Date: 2019-10-28 · published 2019-10-28T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/56429-the-fine-print-of-trump-s-china-tariff-deal-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The first-year purchase target is far below the headline figure, so the realistic near-term demand boost for U.S. grains and oilseeds is smaller than the $40-50 billion suggests.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: 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 | 2020-05-15 | [Soybeans down, despite demand from China - Brownfield Ag News](https://feedsoft.ai/events/53164-soybeans-down-despite-demand-from-china-brownfield-ag-news.md) | -0.0% | +4.3% |
| SOY | 2019-04-29 | [Corn firm, but below day's highs - Brownfield Ag News](https://feedsoft.ai/events/10960-corn-firm-but-below-day-s-highs-brownfield-ag-news.md) | -2.8% | -2.8% |
| SOY | 2017-03-20 | [Corn finishes modestly lower on profit taking - Brownfield Ag News](https://feedsoft.ai/events/10728-corn-finishes-modestly-lower-on-profit-taking-brownfield-ag-news.md) | -2.4% | -4.7% |
| SOY | 2019-02-27 | [Grain, oilseed rally fizzles - Brownfield Ag News](https://feedsoft.ai/events/11850-grain-oilseed-rally-fizzles-brownfield-ag-news.md) | -0.3% | -0.3% |
| 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 | 2025-05-12 | [Soybeans surge on temporary tariff cut - Brownfield Ag News](https://feedsoft.ai/events/9503-soybeans-surge-on-temporary-tariff-cut-brownfield-ag-news.md) | +0.0% | +1.9% |
| CORN | 2017-01-23 | [Soybeans down on commercial pressure - Brownfield Ag News](https://feedsoft.ai/events/73026-soybeans-down-on-commercial-pressure-brownfield-ag-news.md) | -0.4% | +0.5% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/podcast/the-fine-print-of-trumps-china-tariff-deal/

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