# China urges US to jointly implement $30 billion reciprocal tariff cuts: MOFCOM

> China's Ministry of Commerce urged the US to put into effect the reciprocal tariff-cut framework, often called '$30 billion for $30 billion', agreed in September. The cuts would lower tariffs on about 90 percent of covered products on each side to most-favored-nation rates, and China's list includes US farm products. Implementation depends on both sides completing domestic legal procedures.

- Date: 2026-11-12 · published 2026-11-12T09:12:37.945Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/95310-china-urges-us-to-jointly-implement-30-billion-reciprocal-tariff-cuts-mofcom
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

If implemented, lower Chinese tariffs on US farm products would support export demand for US agricultural goods, including soybeans and other feed ingredients. Delay keeps trade uncertainty in place and limits buying.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-02-21 | [China to propose $30 billion more US agriculture purchases](https://feedsoft.ai/events/60478-china-to-propose-30-billion-more-us-agriculture-purchases.md) | +0.1% | +0.4% |
| SOY | 2026-01-20 | [China hits 12 million ton US soybean target pledged in trade truce \| Reuters](https://feedsoft.ai/events/14605-china-hits-12-million-ton-us-soybean-target-pledged-in-trade-truce-reuters.md) | +0.4% | +7.2% |
| SOY | 2026-01-06 | [China buys more US soybeans, total purchases approach 10 million tons \| Reuters](https://feedsoft.ai/events/14610-china-buys-more-us-soybeans-total-purchases-approach-10-million-tons-reuters.md) | -1.4% | +1.8% |
| SOY | 2023-11-10 | [China soybean imports top 100 million tonnes](https://feedsoft.ai/events/33166-china-soybean-imports-top-100-million-tonnes.md) | +2.4% | -1.8% |
| CORN | 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) | -0.3% | +2.0% |
| CORN | 2019-02-21 | [China to propose $30 billion more US agriculture purchases](https://feedsoft.ai/events/60478-china-to-propose-30-billion-more-us-agriculture-purchases.md) | -0.3% | +2.0% |
| CORN | 2018-06-05 | [China reportedly offered to buy nearly $70 billion of US agriculture, energy products](https://feedsoft.ai/events/64397-china-reportedly-offered-to-buy-nearly-70-billion-of-us-agriculture-energy.md) | -3.0% | -8.0% |

## Sources

- globaltimes.cn: https://www.globaltimes.cn/page/202611/1374151.shtml

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