President Trump's Liberation Day announced a 10% baseline tariff on all US imports, with higher tariffs on about 60 countries deemed the worst offenders. China responded with a 34% tariff on US products and restrictions on some American companies.
Mexico had not announced retaliation as of Friday.
Broad reciprocal tariffs and retaliation threaten US agricultural export volumes, especially dairy and soybeans to Southeast Asia and China. Lower export demand would pressure domestic prices.
Tras 49 eventos bajista de comercio pasados, Leche (Clase III) se movió una mediana de -0,3 % en 5 sesiones (39% al alza; mitad central entre -4,7 % y +1,5 %), y -0,4 % en 20.
Tras 803 eventos bajista de comercio pasados, Soja se movió una mediana de +0,0 % en 5 sesiones (51% al alza; mitad central entre -1,7 % y +1,7 %), y +0,9 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
The Liberation Day tariff announcement (Apr 2) and expected retaliation raised fears of lost dairy export demand and triggered broad risk-off selling across commodities, which plausibly contributed to the sharp drop.