
The US Supreme Court invalidated Trump's broad emergency tariffs, removing his levies on China and leaving Beijing facing a 15% global fee with a 150-day expiry. Trump is due in Beijing on March 31.
Analysts say he has lost leverage to press Xi for larger purchases of soybeans, Boeing aircraft and energy.
Reduced US leverage makes large Chinese purchases of US soybeans less certain, which weighs on expected US soybean export demand.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.