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A Reuters analysis warns that a proposed 50% U.S. tariff on Chinese exports could prompt Beijing to block most U.S. commodity imports, formally or informally. The story concerns commodity flows that would be at risk in a tit-for-tat trade war.
The threat of a broad Chinese import ban on U.S. farm products would cut export demand for soybeans, corn, and other commodities, pressuring U.S. prices if the tariffs are enacted.
reuters.comClyde RussellJul 31, 2024After 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.
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.
