# U.S. and China Near a Trade Deal to Drop Tariffs

> The New York Times reports the U.S. and China are near a trade deal in which China would make big purchases of American agricultural and energy goods. In return, the United States would likely drop tariffs on at least $200 billion of the $250 billion in Chinese imports subject to American levies.

- Date: 2019-03-04 · published 2019-03-04T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/59969-u-s-and-china-near-a-trade-deal-to-drop-tariffs
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

A deal would restore Chinese demand for U.S. farm goods and could lift soybean, corn and sorghum prices. The scale of Chinese purchase commitments would be a major driver for export flows.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-12-16 | [Factbox: How China tariffs on U.S. commodities, energy stand after 'phase one' trade deal](https://feedsoft.ai/events/55441-factbox-how-china-tariffs-on-u-s-commodities-energy-stand-after-phase-one-trade.md) | +2.3% | +2.3% |
| SOY | 2020-06-22 | [Q4 Key to China Trade Deal - ProAg](https://feedsoft.ai/events/52467-q4-key-to-china-trade-deal-proag.md) | -1.3% | +3.0% |
| SOY | 2020-02-18 | [China takes steps to make good on trade deal](https://feedsoft.ai/events/54482-china-takes-steps-to-make-good-on-trade-deal.md) | -2.2% | -8.1% |
| SOY | 2018-12-03 | [Update: China Stocks Rally After China and U.S. Agree To Delay New Tariffs - Caixin Global](https://feedsoft.ai/events/6925-update-china-stocks-rally-after-china-and-u-s-agree-to-delay-new-tariffs-caixin.md) | +1.7% | +0.0% |
| SOY | 2026-10-09 | [China Needs $1.2B/Week in U.S. Ag Buys to Hit Trade Deal — Agribusiness Wire](https://feedsoft.ai/events/14540-china-needs-1-2b-week-in-u-s-ag-buys-to-hit-trade-deal-agribusiness-wire.md) | -2.2% | -4.4% |
| CORN | 2020-06-22 | [Q4 Key to China Trade Deal - ProAg](https://feedsoft.ai/events/52467-q4-key-to-china-trade-deal-proag.md) | -2.7% | -1.3% |
| CORN | 2020-02-18 | [China takes steps to make good on trade deal](https://feedsoft.ai/events/54482-china-takes-steps-to-make-good-on-trade-deal.md) | -1.7% | -3.5% |
| CORN | 2018-12-03 | [Update: China Stocks Rally After China and U.S. Agree To Delay New Tariffs - Caixin Global](https://feedsoft.ai/events/6925-update-china-stocks-rally-after-china-and-u-s-agree-to-delay-new-tariffs-caixin.md) | +6.8% | +8.4% |

## Sources

- nytimes.com: https://www.nytimes.com/2019/03/03/business/us-china-trade-deal-trump.html

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