# How China reduced its reliance on US farm imports and sharpened its trade war toolkit

> China's finance ministry said it would impose additional tariffs of 10% to 15% on agricultural products, including soybeans, corn, dairy and beef. The move was a direct response to a new round of US tariffs on Chinese goods.

- Date: 2024-11-13 · published 2024-11-13T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/14702-how-china-reduced-its-reliance-on-us-farm-imports-and-sharpened-its-trade-war
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Retaliatory tariffs on US farm goods make American soybeans and corn less competitive in China, its largest buyer, which pressures US export prices and pushes Chinese buyers toward Brazilian supply.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-06-03 | [How China minimised US farm imports and sharpened its trade war tactics \| World News - Business Standard](https://feedsoft.ai/events/14747-how-china-minimised-us-farm-imports-and-sharpened-its-trade-war-tactics-world.md) | -2.1% | -3.8% |
| SOY | 2024-11-01 | [China pivot from US farm imports bolsters it against trade war risks \| Reuters](https://feedsoft.ai/events/14704-china-pivot-from-us-farm-imports-bolsters-it-against-trade-war-risks-reuters.md) | +3.4% | +0.7% |
| SOY | 2018-12-24 | [China imports zero US soybeans in Nov for first time since trade war started](https://feedsoft.ai/events/61444-china-imports-zero-us-soybeans-in-nov-for-first-time-since-trade-war-started.md) | -0.3% | +3.4% |
| SOY | 2018-06-15 | [U.S. farmers brace for impact of China trade war, soy at one-year low](https://feedsoft.ai/events/64566-u-s-farmers-brace-for-impact-of-china-trade-war-soy-at-one-year-low.md) | -5.0% | -12.2% |
| SOY | 2019-08-16 | [China's animal feed push for self-reliance as trade war intensifies - CGTN](https://feedsoft.ai/events/57648-china-s-animal-feed-push-for-self-reliance-as-trade-war-intensifies-cgtn.md) | -0.2% | +3.1% |
| CORN | 2024-06-03 | [How China minimised US farm imports and sharpened its trade war tactics \| World News - Business Standard](https://feedsoft.ai/events/14747-how-china-minimised-us-farm-imports-and-sharpened-its-trade-war-tactics-world.md) | -1.6% | -6.0% |
| CORN | 2024-11-01 | [China pivot from US farm imports bolsters it against trade war risks \| Reuters](https://feedsoft.ai/events/14704-china-pivot-from-us-farm-imports-bolsters-it-against-trade-war-risks-reuters.md) | +2.5% | -0.2% |
| CORN | 2019-05-08 | [Trade war: US-China trade battle in charts](https://feedsoft.ai/events/10431-trade-war-us-china-trade-battle-in-charts.md) | +0.3% | +10.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/how-china-reduced-its-reliance-us-farm-imports-softening-trade-war-risks-2024-11-13/

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