# Trump delay on China trade action good news for agriculture

> President Trump reportedly delayed an announced trade action against China, with agriculture lobbying and farm-state politicians urging the administration to avoid tariffs or penalties. Agriculture Secretary Perdue and USTR Lighthizer were among those pressed, and about 60 percent of US soybean output is exported, with China the largest customer.

- Date: 2017-08-04 · published 2017-08-04T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/69324-trump-delay-on-china-trade-action-good-news-for-agriculture
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A delay reduces the near-term risk of Chinese retaliation against US soybeans, which supports soybean prices. The risk remains because a trade war could push China toward South American suppliers.

## Read by commodity

- SOY: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-10-31 | [Agriculture trade with US going strong - Chinadaily.com.cn](https://feedsoft.ai/events/14895-agriculture-trade-with-us-going-strong-chinadaily-com-cn.md) | +4.6% | +5.0% |
| 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% |
| 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 | 2019-07-04 | [Australian Agriculture Sector Likely To Get Impacted From The U.S-China Trade Truce](https://feedsoft.ai/events/58043-australian-agriculture-sector-likely-to-get-impacted-from-the-u-s-china-trade.md) | +1.2% | -4.3% |
| SOY | 2017-02-14 | [U.S. Agricultural Trade with China (02/14/2017)](https://feedsoft.ai/events/72354-u-s-agricultural-trade-with-china-02-14-2017.md) | -2.7% | -6.4% |
| CORN | 2017-04-19 | [Agricultural Trade and Trump - Farm Policy News](https://feedsoft.ai/events/71367-agricultural-trade-and-trump-farm-policy-news.md) | +1.2% | +2.3% |
| CORN | 2020-01-16 | [What is the toll of trade wars on U.S. agriculture? \| PBS News](https://feedsoft.ai/events/55070-what-is-the-toll-of-trade-wars-on-u-s-agriculture-pbs-news.md) | +0.7% | -1.7% |
| CORN | 2017-01-06 | [Ag Groups to Trump: Don't Forget About Us on Trade](https://feedsoft.ai/events/72986-ag-groups-to-trump-don-t-forget-about-us-on-trade.md) | +1.1% | +3.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/08/04/trump-delay-on-china-trade-action-good-news-for-agriculture.html

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