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The USTR announced Section 301 action imposing service fees on Chinese-operated and Chinese-built ships calling at US ports, starting October 14 and escalating to $1.5 million per port entry by 2028. Proposed tariffs of up to 100% on certain Chinese-made port equipment face a public hearing on May 19.
Higher ocean freight costs for US exporters of grains, oilseeds and proteins could erode competitiveness and shift trade flows, pressuring US export basis and prices relative to competing origins.
spglobal.comSamyak Pandey, Shivam PrakashApr 18, 2025Not enough comparable past events yet for a historical read.
After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 223 past bearish policy events, SBM moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% 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.
