# G20 Summit: Trump and Xi agree to hold off on new tariffs, let Huawei buy US products

> Trump said he and Xi agreed at the G-20 summit in Osaka to hold off on new tariffs and to restart trade negotiations. Trump also suggested the US would reverse its ban on American companies selling products to Huawei.

- Date: 2019-06-29 · published 2019-06-29T12:00:00.000Z
- Category: trade · region Global · magnitude high
- Page: https://feedsoft.ai/events/58482-g20-summit-trump-and-xi-agree-to-hold-off-on-new-tariffs-let-huawei-buy-us
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Avoiding new tariffs lowers the risk of further cuts to Chinese purchases of U.S. soybeans and other farm goods, supporting U.S. soy prices. Negotiations are still unresolved, so the bullish effect depends on a lasting deal.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-11-01 | [What did Trump, Xi agree to on tariffs, export controls and fentanyl](https://feedsoft.ai/events/14622-what-did-trump-xi-agree-to-on-tariffs-export-controls-and-fentanyl.md) | +0.2% | +2.6% |
| SOY | 2018-12-03 | [Soybeans jump after China agrees to buy 'substantial' US ag products in trade truce](https://feedsoft.ai/events/11522-soybeans-jump-after-china-agrees-to-buy-substantial-us-ag-products-in-trade.md) | +1.7% | +0.0% |
| SOY | 2018-12-02 | [U.S., China agree on trade war ceasefire after Trump, Xi summit](https://feedsoft.ai/events/61446-u-s-china-agree-on-trade-war-ceasefire-after-trump-xi-summit.md) | +1.7% | +0.0% |
| 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 | 2018-06-05 | [China reportedly offered to buy nearly $70 billion of US agriculture, energy products](https://feedsoft.ai/events/64397-china-reportedly-offered-to-buy-nearly-70-billion-of-us-agriculture-energy.md) | -4.8% | -15.3% |
| CORN | 2018-12-02 | [U.S., China agree on trade war ceasefire after Trump, Xi summit](https://feedsoft.ai/events/61446-u-s-china-agree-on-trade-war-ceasefire-after-trump-xi-summit.md) | +6.8% | +8.4% |
| 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 | 2018-06-05 | [China reportedly offered to buy nearly $70 billion of US agriculture, energy products](https://feedsoft.ai/events/64397-china-reportedly-offered-to-buy-nearly-70-billion-of-us-agriculture-energy.md) | -3.0% | -8.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/06/29/us-china-trade-war-trump-and-xi-meet-at-g-20-summit-in-osaka.html

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