# US, China reach consensus on favourable tariff treatment for USD 30 billion in goods each way: Bessent

> US Treasury Secretary Scott Bessent said Washington and Beijing agreed under a new bilateral Board of Trade to give more favourable tariff treatment to $30 billion of non-sensitive goods in each direction. The board also launched a working group on agricultural trade barriers, and Bessent said China had agreed to import at least 25 million tonnes of US soybeans over two years.

- Date: 2026-11-11 · published 2026-11-12T00:14:32.920Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/94438-us-china-reach-consensus-on-favourable-tariff-treatment-for-usd-30-billion-in
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The soybean purchase commitment supports US soybean export demand and prices, while the tariff framework lowers trade friction for affected goods. Details of the goods lists and the timing of purchases will determine how much of the commitment reaches the market.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-03-15 | [EXCLUSIVE: US, China discuss farm goods, managed trade in 'remarkably stable' Paris talks, sources say \| Reuters](https://feedsoft.ai/events/14590-exclusive-us-china-discuss-farm-goods-managed-trade-in-remarkably-stable-paris.md) | -4.1% | -4.0% |
| 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 | 2025-10-30 | [China to buy 12 million metric tons of US soybeans this season, Bessent says \| Reuters](https://feedsoft.ai/events/14624-china-to-buy-12-million-metric-tons-of-us-soybeans-this-season-bessent-says.md) | +3.7% | +4.7% |
| SOY | 2019-02-21 | [China proposes to buy $30 billion more in U.S. ag products](https://feedsoft.ai/events/60475-china-proposes-to-buy-30-billion-more-in-u-s-ag-products.md) | +0.1% | +0.4% |
| SOY | 2018-12-02 | [Tariff Truce With China Eases ‘Cold War’ Fears](https://feedsoft.ai/events/11524-tariff-truce-with-china-eases-cold-war-fears.md) | +1.7% | +0.0% |

## Sources

- devdiscourse.com: https://www.devdiscourse.com/article/business/4005216-us-china-reach-consensus-on-favourable-tariff-treatment-for-usd-30-billion-in-goods-each-way-bessent

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