# Tariff Reductions Sought

> China's Commerce Ministry is calling on the United States to move forward with a $60 billion tariff reduction agreement, with each side providing $30 billion in tariff relief. Beijing says it is willing to buy more American farm products only if both countries follow through on the deal.

- Date: 2026-11-12 · published 2026-11-13T00:17:52.777Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/96741-tariff-reductions-sought
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

This is the same Chinese push for implementation of the conditional tariff deal, which supports the outlook for US farm export demand if it is executed. Purchases stay uncertain until then.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-01-21 | [Soybeans Rallying as Tariff Threat Cools Off](https://feedsoft.ai/events/11806-soybeans-rallying-as-tariff-threat-cools-off.md) | +1.1% | +0.4% |
| 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 | 2026-07-02 | [China and U.S. seek tariff rollback on farm products - TT](https://feedsoft.ai/events/14562-china-and-u-s-seek-tariff-rollback-on-farm-products-tt.md) | +4.2% | +6.8% |
| SOY | 2018-06-20 | [There Are Signs China Soy Buyers Are Already Reacting to Tariffs - Bloomberg](https://feedsoft.ai/events/64567-there-are-signs-china-soy-buyers-are-already-reacting-to-tariffs-bloomberg.md) | -2.4% | -5.3% |
| SOY | 2018-05-22 | [Soy Bean Prices Soar Thanks To Tariff Tone Down](https://feedsoft.ai/events/65053-soy-bean-prices-soar-thanks-to-tariff-tone-down.md) | +0.5% | -13.3% |
| CORN | 2026-07-02 | [China and U.S. seek tariff rollback on farm products - TT](https://feedsoft.ai/events/14562-china-and-u-s-seek-tariff-rollback-on-farm-products-tt.md) | +0.2% | +4.0% |
| CORN | 2019-06-05 | [Possible Mexican retaliatory tariff list excludes U.S. corn: sources](https://feedsoft.ai/events/58552-possible-mexican-retaliatory-tariff-list-excludes-u-s-corn-sources.md) | +0.9% | -0.2% |
| CORN | 2025-01-22 | [Can the phase one deal shield U.S. farmers from tariff retaliation?  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/14690-can-the-phase-one-deal-shield-u-s-farmers-from-tariff-retaliation-agri-pulse.md) | -0.8% | +3.8% |

## Sources

- rrfn.com: https://www.rrfn.com/2026/11/12/tariff-reductions-sought/

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