# Election setback expected to rein in Trump’s trade war

> Thai experts expect the US midterm results, which gave Democrats control of the House, to push President Trump toward softer trade stances with China. A US-China trade deal is widely expected when Trump and Xi meet at the G-20 later this month. Analysts also flagged a likely Fed rate hike in December as a risk to emerging-market capital flows.

- Date: 2018-11-07 · published 2018-11-07T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/62280-election-setback-expected-to-rein-in-trump-s-trade-war
- 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 possible US-China trade deal would support Chinese purchases of US soybeans and grains, which are currently disrupted by the tariff dispute. Expectations of a deal are already largely priced in, so the impact depends on whether it materializes.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-12-01 | [Global Trade War a Boon for Black Sea Grain \| Feed & Grain](https://feedsoft.ai/events/49509-global-trade-war-a-boon-for-black-sea-grain-feed-and-grain.md) | -0.9% | +10.9% |
| 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 | 2016-11-02 | [USDA: China’s soybean imports, feed use expected to increase](https://feedsoft.ai/events/73840-usda-china-s-soybean-imports-feed-use-expected-to-increase.md) | +1.8% | +4.6% |
| SOY | 2025-04-07 | [China soybean meal prices surge amid U.S. trade war escalation](https://feedsoft.ai/events/25198-china-soybean-meal-prices-surge-amid-u-s-trade-war-escalation.md) | +6.7% | +6.2% |
| SOY | 2017-03-07 | [Insights \| Trump Administration’s First Major Statement On Foreign Trade Affects Agriculture](https://feedsoft.ai/events/71991-insights-trump-administration-s-first-major-statement-on-foreign-trade-affects.md) | -3.0% | -8.6% |
| CORN | 2020-12-01 | [Global Trade War a Boon for Black Sea Grain \| Feed & Grain](https://feedsoft.ai/events/49509-global-trade-war-a-boon-for-black-sea-grain-feed-and-grain.md) | -0.4% | +1.4% |
| 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 | 2018-07-11 | [Trade War Repercussions for U.S. Agriculture](https://feedsoft.ai/events/63896-trade-war-repercussions-for-u-s-agriculture.md) | +0.5% | +9.5% |

## Sources

- nationthailand.com: https://www.nationthailand.com/international/30358125

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