# Trump tariffs create risks for US ag exports | Latest Market News

> New US tariffs on Chinese and Mexican imports are set to take effect, with a 25pc tariff on Mexico and a 10pc tariff on China from 1 February. China and Mexico together took 48pc of US corn exports and 61pc of US soybean exports since 2019, and undelivered Chinese soybean and Mexican corn and soybean purchases are at risk of cancellation.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/14770-trump-tariffs-create-risks-for-us-ag-exports-latest-market-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Retaliatory tariffs could cut sales to the two largest buyers of US corn and soybeans, pressuring US prices and widening basis. Heavy pre-tariff shipments have so far cushioned the impact.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-11-07 | [Trump's tariff threat puts US farm exports to China at risk](https://feedsoft.ai/events/14703-trump-s-tariff-threat-puts-us-farm-exports-to-china-at-risk.md) | -0.1% | -2.4% |
| CORN | 2024-03-25 | [Limited impact on US agriculture from China tariffs \| Latest Market News](https://feedsoft.ai/events/14765-limited-impact-on-us-agriculture-from-china-tariffs-latest-market-news.md) | -4.9% | -6.9% |
| CORN | 2025-05-01 | [EU tariffs to curb US corn imports, soy at lower risk for now](https://feedsoft.ai/events/25117-eu-tariffs-to-curb-us-corn-imports-soy-at-lower-risk-for-now.md) | -3.8% | -1.4% |
| CORN | 2025-03-04 | [China slaps extra tariffs of up to 15% on imports of major US farm exports \| AP News](https://feedsoft.ai/events/14677-china-slaps-extra-tariffs-of-up-to-15-on-imports-of-major-us-farm-exports-ap.md) | +3.2% | +4.7% |
| CORN | 2024-11-14 | [Trump’s tariffs seen delivering a repeat blow to US farm exports – Roll Call](https://feedsoft.ai/events/14708-trump-s-tariffs-seen-delivering-a-repeat-blow-to-us-farm-exports-roll-call.md) | +0.2% | +0.4% |
| SOY | 2024-11-07 | [Trump's tariff threat puts US farm exports to China at risk](https://feedsoft.ai/events/14703-trump-s-tariff-threat-puts-us-farm-exports-to-china-at-risk.md) | +1.0% | -0.1% |
| SOY | 2024-03-25 | [Limited impact on US agriculture from China tariffs \| Latest Market News](https://feedsoft.ai/events/14765-limited-impact-on-us-agriculture-from-china-tariffs-latest-market-news.md) | -0.6% | -2.6% |
| SOY | 2018-07-09 | [As Tariffs Bite, China Cancels U.S. Soy Deals and Hunt Is on for New Export Markets](https://feedsoft.ai/events/63898-as-tariffs-bite-china-cancels-u-s-soy-deals-and-hunt-is-on-for-new-export.md) | -6.9% | +1.4% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2653476-trump-tariffs-create-risks-for-us-ag-exports

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