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The Biden administration said it was considering dropping some tariffs on Chinese imports to ease inflation. Section 301 tariffs on about $34 billion, $16 billion and $100 billion in goods face expiration dates in summer 2022 unless extended after review.
China's retaliatory tariffs targeted agricultural and seafood products, including soybeans and pork.
Removing retaliatory and US tariffs would reopen China's market for US soybeans and pork, which would support US soybean demand and prices.
taxfoundation.orgFíontaMay 13, 2022After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), 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.
