# US-China trade stand-off and implications for FX markets | Lombard Odier

> US-China trade talks have stalled after President Trump accused China of backtracking on agreed principles and threatened further tariff increases. Both sides agreed to keep negotiating, though a resolution by June now looks less likely.

- Date: 2019-05-14 · published 2019-05-14T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8442-us-china-trade-stand-off-and-implications-for-fx-markets-lombard-odier
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Prolonged uncertainty over the trade deal keeps Chinese purchases of US farm goods at risk, which weighs on soybean and corn demand and prices until a resolution emerges.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-04-21 | [U.S.-China trade war 2.0: What are the implications for global oilseed markets? \| IFPRI](https://feedsoft.ai/events/14672-u-s-china-trade-war-2-0-what-are-the-implications-for-global-oilseed-markets.md) | +1.3% | +1.3% |
| SOY | 2019-08-07 | [Trade war escalation wreaks havoc in markets: Impact on FX \| Lombard Odier](https://feedsoft.ai/events/5370-trade-war-escalation-wreaks-havoc-in-markets-impact-on-fx-lombard-odier.md) | +2.9% | +1.7% |
| SOY | 2019-08-27 | [Forex markets: US-China trade tensions in focus](https://feedsoft.ai/events/57811-forex-markets-us-china-trade-tensions-in-focus.md) | +0.3% | +4.7% |
| SOY | 2019-11-20 | [EMERGING MARKETS-Mexican peso leads losses in Latam FX on U.S.-China trade standoff](https://feedsoft.ai/events/56277-emerging-markets-mexican-peso-leads-losses-in-latam-fx-on-u-s-china-trade.md) | -3.0% | +1.9% |
| SOY | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | +1.4% | +0.1% |
| CORN | 2019-08-27 | [Forex markets: US-China trade tensions in focus](https://feedsoft.ai/events/57811-forex-markets-us-china-trade-tensions-in-focus.md) | -0.2% | +1.7% |
| CORN | 2019-11-20 | [EMERGING MARKETS-Mexican peso leads losses in Latam FX on U.S.-China trade standoff](https://feedsoft.ai/events/56277-emerging-markets-mexican-peso-leads-losses-in-latam-fx-on-u-s-china-trade.md) | -0.2% | +1.6% |
| CORN | 2023-07-27 | [Mexico: An Important Trade Destination for U.S. Corn](https://feedsoft.ai/events/35018-mexico-an-important-trade-destination-for-u-s-corn.md) | -13.2% | -14.2% |

## Sources

- lombardodier.com: https://www.lombardodier.com/contents/corporate-news/investment-insights/2019/may/the-us-china-trade-stand-off-and.html

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