# US-China trade talks continue to progress | 2019-02-28  | MEAT+POULTRY

> President Trump delayed a scheduled increase in tariffs on $200 billion of Chinese imports after US and Chinese trade talks made substantial progress. Trump said China committed to buy an additional 10 million tonnes of US soybeans, with a possible summit to conclude an agreement.

- Date: 2019-02-28 · published 2019-02-28T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/60585-us-china-trade-talks-continue-to-progress-2019-02-28-meat-poultry
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Committed Chinese purchases of US soybeans support US soybean demand and prices, and removing the tariff increase eases export risk for US farm products.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-06-15 | [Poultry trade trends in the US: 2018-2019](https://feedsoft.ai/events/58753-poultry-trade-trends-in-the-us-2018-2019.md) | +0.7% | +0.6% |
| SOY | 2019-08-26 | [Daily US grain report: grain futures lifted by apparent US-China moves to restart trade talks
						 \| The Poultry Site](https://feedsoft.ai/events/5699-daily-us-grain-report-grain-futures-lifted-by-apparent-us-china-moves-to.md) | +1.6% | +5.8% |
| SOY | 2019-09-09 | [U.S., China Trade Talks Set to Resume; Agricultural Export Markets Continue to Adjust \| Farm Policy News \| Illinois](https://feedsoft.ai/events/10853-u-s-china-trade-talks-set-to-resume-agricultural-export-markets-continue-to.md) | +4.7% | +8.4% |
| SOY | 2019-10-22 | [Rupee rises to 2-week high on US-China trade talks hopes](https://feedsoft.ai/events/56845-rupee-rises-to-2-week-high-on-us-china-trade-talks-hopes.md) | -1.3% | -2.5% |
| SOY | 2019-11-26 | [TWAY HOLDINGS \| S.Korean stocks, won rise on signs of progress in U.S.-China trade talks](https://feedsoft.ai/events/56301-tway-holdings-s-korean-stocks-won-rise-on-signs-of-progress-in-u-s-china-trade.md) | -2.4% | +4.9% |
| SBM | 2019-06-15 | [Poultry trade trends in the US: 2018-2019](https://feedsoft.ai/events/58753-poultry-trade-trends-in-the-us-2018-2019.md) | -2.4% | -3.7% |
| SBM | 2019-11-01 | [China Trade Reversal to Spike Poultry Prices \| Food Processing](https://feedsoft.ai/events/56213-china-trade-reversal-to-spike-poultry-prices-food-processing.md) | +0.4% | -4.4% |
| SBM | 2019-12-10 | [China steps up US soybean purchases as trade talks drag on](https://feedsoft.ai/events/55447-china-steps-up-us-soybean-purchases-as-trade-talks-drag-on.md) | +1.6% | +0.1% |

## Sources

- meatpoultry.com: https://www.meatpoultry.com/articles/20952-us-china-trade-talks-continue-to-progress

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