# Trump's China Tweets Shatter Historic Calm in Global Markets | Fortune

> Trump's tweets on China tariffs sent the VIX up as much as 46% and pushed S&P 500 futures down 1.5%. The Shanghai Composite fell 5.6% as markets that had been calm were jolted by the threat of a trade escalation.

- Date: 2019-05-06 · published 2019-05-06T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10429-trump-s-china-tweets-shatter-historic-calm-in-global-markets-fortune
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Equity and volatility shocks tied to tariff threats increase the chance of weaker Chinese demand and lower risk appetite, which typically weighs on agricultural futures.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼

## 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 | 2019-08-27 | [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 | 2018-01-23 | [Soybean Market Gets Jittery About China After Trump’s Tariff Move - Bloomberg](https://feedsoft.ai/events/66857-soybean-market-gets-jittery-about-china-after-trump-s-tariff-move-bloomberg.md) | +0.7% | +4.3% |
| SOY | 2018-07-18 | [Soymeal Market Remains Calm in China Despite Tariffs](https://feedsoft.ai/events/64010-soymeal-market-remains-calm-in-china-despite-tariffs.md) | +2.2% | +3.0% |
| SOY | 2019-06-24 | [China's farm imports from US dive from Jan to May - Global Times](https://feedsoft.ai/events/58480-china-s-farm-imports-from-us-dive-from-jan-to-may-global-times.md) | -0.3% | -1.6% |
| CORN | 2024-06-13 | [Falling demand for wheat and corn in China could crash global markets](https://feedsoft.ai/events/14743-falling-demand-for-wheat-and-corn-in-china-could-crash-global-markets.md) | -2.1% | -8.8% |
| 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 | 2018-11-17 | [Global trade flows dominate local cash markets — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/11723-global-trade-flows-dominate-local-cash-markets-this-week-in-the-grain-markets.md) | -1.4% | +8.5% |

## Sources

- fortune.com: https://fortune.com/2019/05/06/trump-china-tweets-tariffs/

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