# United States and China Agree $30 Billion Tariff Truce and Commodity Deals - Beijing Post

> The United States and China agreed to reduce tariffs on about $30 billion of each other's goods. The deal includes targeted arrangements on coal, soybeans and artificial intelligence, while aviation disputes and a permanent trade framework remain unresolved.

- Date: 2026-11-02 · published 2026-11-02T06:12:17.024Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/74977-united-states-and-china-agree-30-billion-tariff-truce-and-commodity-deals
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tariff cuts and soybean arrangements improve US export access to China, supporting US soybean and soymeal demand and prices. The deal is partial, so the durability of Chinese purchases remains a source of uncertainty.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: neutral
- WHEAT: neutral
- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-02-26 | [China urged to avoid cautionary tale of Japan and the Plaza Accord in currency deal with US \| South China Morning Post](https://feedsoft.ai/events/60811-china-urged-to-avoid-cautionary-tale-of-japan-and-the-plaza-accord-in-currency.md) | +0.3% | +0.4% |
| USDCNY | 2017-03-07 | [March 2017 Trade Bulletin \| U.S.- CHINA \| ECONOMIC and SECURITY REVIEW COMMISSION](https://feedsoft.ai/events/71847-march-2017-trade-bulletin-u-s-china-economic-and-security-review-commission.md) | +0.1% | -0.2% |
| USDCNY | 2018-07-19 | [Aquafeed.com \|
   

   
    CHINA - New tariffs on US soybeans unlikely to impact aquatic feed](https://feedsoft.ai/events/64111-aquafeed-com-china-new-tariffs-on-us-soybeans-unlikely-to-impact-aquatic-feed.md) | +0.7% | +3.2% |
| USDCNY | 2018-04-04 | [China, holding Treasuries, keeps 'nuclear option' in U.S. trade war](https://feedsoft.ai/events/65715-china-holding-treasuries-keeps-nuclear-option-in-u-s-trade-war.md) | -0.1% | +0.7% |
| USDCNY | 2020-05-11 | [Goldman Says Tariffs Are Key Metric for Yuan in U.S.-China Rift - Bloomberg](https://feedsoft.ai/events/53381-goldman-says-tariffs-are-key-metric-for-yuan-in-u-s-china-rift-bloomberg.md) | +0.4% | -0.0% |
| WHEAT | 2019-10-28 | [The fine print of Trump's China tariff deal - Brownfield Ag News](https://feedsoft.ai/events/56429-the-fine-print-of-trump-s-china-tariff-deal-brownfield-ag-news.md) | -0.2% | +6.0% |
| WHEAT | 2021-08-19 | [China slow to comply in WTO tariff dispute \| The Western Producer](https://feedsoft.ai/events/45543-china-slow-to-comply-in-wto-tariff-dispute-the-western-producer.md) | +0.4% | +4.9% |
| WHEAT | 2026-09-28 | [Grains fall as traders seek China buying signs after tariff cuts](https://feedsoft.ai/events/14545-grains-fall-as-traders-seek-china-buying-signs-after-tariff-cuts.md) | -2.4% | -1.3% |

## Sources

- beijingpost.com: https://beijingpost.com/united-states-and-china-agree-30-billion-tariff-truce-and-commodity-deals
- benjaminkoch.info: https://benjaminkoch.info/insidedesk/2026/11/03/geoecon-note.html
- eastasiabrief.com: https://eastasiabrief.com/trade-policy/ustr-limits-us-china-tariff-relief-60b-consumer-goods-1072

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