# Morning Bid: 'Stop-Go' Trump tariff trades whiplash dollar | Reuters

> The dollar index swung sharply as Trump's tariff signals alternated between relief and threats, including talk of 25% tariffs. Traders reversed positions repeatedly during the session.

- Date: 2025-01-21 · published 2025-01-21T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/12675-morning-bid-stop-go-trump-tariff-trades-whiplash-dollar-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tariff whiplash raises uncertainty for soybean and grain trade flows and currency-driven export pricing. The net price direction is unclear until policy is settled.

## Read by commodity

- DXY: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-02-20 | [Dollar Trims Weekly Advance as New Tariff Plan Clouds Outlook - Bloomberg](https://feedsoft.ai/events/20834-dollar-trims-weekly-advance-as-new-tariff-plan-clouds-outlook-bloomberg.md) | -0.3% | +1.6% |
| DXY | 2025-02-03 | [Trump's trade war salvo heightens market turbulence](https://feedsoft.ai/events/26267-trump-s-trade-war-salvo-heightens-market-turbulence.md) | -0.0% | -0.6% |
| DXY | 2018-05-31 | [Trump administration will put steel and aluminum tariffs on Canada, Mexico and the EU](https://feedsoft.ai/events/65224-trump-administration-will-put-steel-and-aluminum-tariffs-on-canada-mexico-and.md) | +0.1% | +2.0% |
| DXY | 2019-10-11 | [Trump announces 'phase one' trade deal with China](https://feedsoft.ai/events/56427-trump-announces-phase-one-trade-deal-with-china.md) | -1.0% | -0.8% |
| DXY | 2018-08-01 | [EM ASIA FX-Most Asian currencies tread water as Fed eyed amid trade war fears](https://feedsoft.ai/events/63792-em-asia-fx-most-asian-currencies-tread-water-as-fed-eyed-amid-trade-war-fears.md) | +0.2% | +0.5% |
| SOY | 2018-01-26 | [Dollar's terrible week warning of what could with Trump's on trade](https://feedsoft.ai/events/10405-dollar-s-terrible-week-warning-of-what-could-with-trump-s-on-trade.md) | -0.7% | +4.4% |
| SOY | 2025-02-19 | [By the numbers: Breaking down the global soybean trade \| Reuters](https://feedsoft.ai/events/14681-by-the-numbers-breaking-down-the-global-soybean-trade-reuters.md) | -0.7% | -2.5% |
| SOY | 2026-06-18 | [China's African tariff removals, trade surge spur yuan adoption \| Reuters](https://feedsoft.ai/events/8412-china-s-african-tariff-removals-trade-surge-spur-yuan-adoption-reuters.md) | -0.4% | +6.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/global-markets-view-usa-2025-01-21/

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