# US-China tariffs continue to hold sway over trade | World Grain

> A 10% baseline U.S. tariff took effect April 5 on most nations, with Mexico and Canada largely exempt under USMCA. Talks with Mexico, India, Japan and Thailand are ongoing, while US-China tariffs escalated further.

- Date: 2025-04-23 · published 2025-04-23T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/14671-us-china-tariffs-continue-to-hold-sway-over-trade-world-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Tariff uncertainty disrupts agricultural trade flows and could reduce US export demand, weighing on grain and meal prices until deals are reached.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-09-01 | [US-China Tariffs Put Agriculture Back in the Trade Spotlight](https://feedsoft.ai/events/14557-us-china-tariffs-put-agriculture-back-in-the-trade-spotlight.md) | +2.1% | +1.8% |
| SOY | 2026-04-06 | [Focus on Argentina \| World Grain](https://feedsoft.ai/events/13798-focus-on-argentina-world-grain.md) | +1.1% | +2.1% |
| SOY | 2019-06-08 | [China is letting value of yuan slide to offset trade war tariffs, US Treasury Secretary Mnuchin says \| South China Morning Post](https://feedsoft.ai/events/58822-china-is-letting-value-of-yuan-slide-to-offset-trade-war-tariffs-us-treasury.md) | +4.7% | +2.2% |
| SOY | 2025-03-06 | [China Raises Grain Output Target as Trade Tensions Escalate](https://feedsoft.ai/events/25573-china-raises-grain-output-target-as-trade-tensions-escalate.md) | -1.0% | +3.2% |
| SOY | 2021-04-21 | [Reshaping grain trade? China moves to change animal feed recipes \| Reuters](https://feedsoft.ai/events/47641-reshaping-grain-trade-china-moves-to-change-animal-feed-recipes-reuters.md) | +5.3% | +6.9% |
| CORN | 2026-09-01 | [US-China Tariffs Put Agriculture Back in the Trade Spotlight](https://feedsoft.ai/events/14557-us-china-tariffs-put-agriculture-back-in-the-trade-spotlight.md) | +0.2% | +4.5% |
| CORN | 2026-04-06 | [Focus on Argentina \| World Grain](https://feedsoft.ai/events/13798-focus-on-argentina-world-grain.md) | -1.8% | +2.8% |
| CORN | 2017-03-17 | [China’s new approach to corn \| World-grain.com \| March 17, 2017 19:08 \| World Grain](https://feedsoft.ai/events/71844-china-s-new-approach-to-corn-world-grain-com-march-17-2017-19-08-world-grain.md) | -1.8% | +0.6% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/21310-us-china-tariffs-continue-to-hold-sway-over-trade

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