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China responded to new US tariffs with a 15% levy on US chicken, wheat, corn and cotton, and an extra 10% levy on US soybeans, sorghum, pork, beef, seafood, fruit, vegetables and dairy. The measures take effect March 10.
The response expands China's retaliation beyond earlier measures.
The levies raise the landed cost of US feed grains and soybeans in China, reducing US export demand and pressuring futures. Buyers are likely to source more from South America and Australia.
reuters.comMei Mei Chu, Ella CaoMar 4, 2025After 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.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
