# How China minimised US farm imports and sharpened its trade war tactics | World News - Business Standard

> China's finance ministry announced additional tariffs of 10% to 15% on various US agricultural goods, including soybeans, corn, dairy and beef, in response to new US tariffs. The article also describes China's efforts since 2019 to reduce reliance on US farm imports.

- Date: 2024-06-03 · published 2024-06-03T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/14747-how-china-minimised-us-farm-imports-and-sharpened-its-trade-war-tactics-world
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

New Chinese tariffs make US feed grains and soybeans less competitive in China, likely pressuring US export prices and shifting trade toward Brazil.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-11-13 | [How China reduced its reliance on US farm imports and sharpened its trade war toolkit](https://feedsoft.ai/events/14702-how-china-reduced-its-reliance-on-us-farm-imports-and-sharpened-its-trade-war.md) | -0.5% | -0.8% |
| 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 | 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% |
| SOY | 2020-11-20 | [China Targets U.S. Farm Imports With Tariffs on Soy, Corn - Pork Business](https://feedsoft.ai/events/50015-china-targets-u-s-farm-imports-with-tariffs-on-soy-corn-pork-business.md) | +1.2% | +3.6% |
| 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% |
| CORN | 2024-11-13 | [How China reduced its reliance on US farm imports and sharpened its trade war toolkit](https://feedsoft.ai/events/14702-how-china-reduced-its-reliance-on-us-farm-imports-and-sharpened-its-trade-war.md) | -0.5% | +1.0% |
| 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 | 2020-11-20 | [China Targets U.S. Farm Imports With Tariffs on Soy, Corn - Pork Business](https://feedsoft.ai/events/50015-china-targets-u-s-farm-imports-with-tariffs-on-soy-corn-pork-business.md) | +0.1% | +1.2% |

## Sources

- business-standard.com: https://www.business-standard.com/world-news/china-trade-war-food-security-trump-tariffs-agriculture-125030500835_1.html

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