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An article revisits the US-China tariff war, noting tariffs begun under Trump and kept by Biden are down from 2022 but up 386% since 2018. It also reports that US oil exports surged in 2023.
China had sharply cut its soybean purchases in 2018.
Tariffs that persist keep US soybean exports to China structurally disadvantaged versus Brazil. Rising US crude exports are a separate energy-trade development with limited direct feed impact.
forbes.comKen RobertsFeb 29, 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.
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.
