# US farmers could permanently lose key markets amid Trump's tariffs diplomacy: trade | S&P Global

> US agriculture faces the risk of permanently losing export markets such as China, Mexico and Canada after new tariffs were imposed. Mexico and Canada retaliated, and China imposed retaliatory taxes on some US goods on Feb. 4.

- Date: 2025-02-06 · published 2025-02-06T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/14685-us-farmers-could-permanently-lose-key-markets-amid-trump-s-tariffs-diplomacy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

If buyers shift permanently to Brazil, US soybean, corn and protein export demand would decline, weighing on US prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-06-20 | [China trade war could permanently scar U.S. soybean market: Braun](https://feedsoft.ai/events/64568-china-trade-war-could-permanently-scar-u-s-soybean-market-braun.md) | -2.4% | -5.3% |
| SOY | 2024-11-26 | [Trump tariffs would harm all involved, US trade partners say](https://feedsoft.ai/events/27635-trump-tariffs-would-harm-all-involved-us-trade-partners-say.md) | +0.6% | -1.1% |
| SOY | 2025-03-04 | [US farmers face higher costs, fewer markets from tariffs, farm groups warn](https://feedsoft.ai/events/8149-us-farmers-face-higher-costs-fewer-markets-from-tariffs-farm-groups-warn.md) | +0.2% | +1.7% |
| SOY | 2025-04-03 | [Beefed-up tariffs leave global protein markets in a stew](https://feedsoft.ai/events/25246-beefed-up-tariffs-leave-global-protein-markets-in-a-stew.md) | -1.6% | +1.0% |
| SOY | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | +1.4% | +0.1% |
| CORN | 2024-11-26 | [Trump tariffs would harm all involved, US trade partners say](https://feedsoft.ai/events/27635-trump-tariffs-would-harm-all-involved-us-trade-partners-say.md) | -0.6% | +4.7% |
| CORN | 2025-03-04 | [US farmers face higher costs, fewer markets from tariffs, farm groups warn](https://feedsoft.ai/events/8149-us-farmers-face-higher-costs-fewer-markets-from-tariffs-farm-groups-warn.md) | +3.2% | +4.7% |
| CORN | 2025-04-03 | [Beefed-up tariffs leave global protein markets in a stew](https://feedsoft.ai/events/25246-beefed-up-tariffs-leave-global-protein-markets-in-a-stew.md) | +2.2% | +2.7% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/020625-us-farmers-could-permanently-lose-key-markets-amid-trumps-tariffs-diplomacy-trade

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