# Commerce Ministry responds to US-China tariff talks: both economic teams will agree on specific arrangements and push for prompt implementation

> A Chinese Commerce Ministry spokesperson said US and Chinese trade teams have discussed bilateral tariffs and reached arrangements. Both sides agreed in principle to discuss reciprocal tariff cuts on goods of $30 billion or more each within the trade council framework.

- Date: 2026-11-03 · published 2026-11-03T00:17:56.827Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/76560-commerce-ministry-responds-to-us-china-tariff-talks-both-economic-teams-will
- 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

Reciprocal tariff reductions on about $30 billion of goods each would reopen US farm export channels to China and support US soybean and grain prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-09-13 | [China adds some US farm products for additional tariff exemption](https://feedsoft.ai/events/56923-china-adds-some-us-farm-products-for-additional-tariff-exemption.md) | +1.1% | +4.6% |
| SOY | 2020-12-31 | [China heads to end of 2020 with big imports of US soy, wheat, sorghum and corn \| 2020-12-31  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/49499-china-heads-to-end-of-2020-with-big-imports-of-us-soy-wheat-sorghum-and-corn.md) | +4.4% | +5.1% |
| SOY | 2018-05-23 | [US seeks to more than double ag exports in talks with China \| 2018-05-23 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/64911-us-seeks-to-more-than-double-ag-exports-in-talks-with-china-2018-05-23-agri.md) | -0.7% | -13.7% |
| SOY | 2019-10-31 | [Exclusive: Beijing could ax extra tariffs on U.S. farm products to boost imports - China trade association chief](https://feedsoft.ai/events/56422-exclusive-beijing-could-ax-extra-tariffs-on-u-s-farm-products-to-boost-imports.md) | -0.1% | -3.7% |
| SOY | 2019-12-19 | [Trade war: China buys US soybeans after fresh round of tariff waivers, but will it be the last for some time? \| South China Morning Post](https://feedsoft.ai/events/55445-trade-war-china-buys-us-soybeans-after-fresh-round-of-tariff-waivers-but-will.md) | +1.0% | +0.1% |
| CORN | 2019-04-18 | [United States Wins Dispute Finding China’s Administration of Grain Tariff-Rate Quotas Breaches WTO Commitments \| USDA](https://feedsoft.ai/events/59449-united-states-wins-dispute-finding-china-s-administration-of-grain-tariff-rate.md) | -1.7% | +1.8% |
| CORN | 2020-12-31 | [China heads to end of 2020 with big imports of US soy, wheat, sorghum and corn \| 2020-12-31  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/49499-china-heads-to-end-of-2020-with-big-imports-of-us-soy-wheat-sorghum-and-corn.md) | +6.2% | +17.5% |
| CORN | 2018-05-23 | [US seeks to more than double ag exports in talks with China \| 2018-05-23 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/64911-us-seeks-to-more-than-double-ag-exports-in-talks-with-china-2018-05-23-agri.md) | -0.5% | -8.5% |

## Sources

- jinrongkj.cn: http://www.jinrongkj.cn/news/79b77699144.html

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