# Multibillion US farm, protein trade face choppy waters over ship fees | S&P Global

> 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.

- Date: 2025-04-18 · published 2025-04-18T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/16948-multibillion-us-farm-protein-trade-face-choppy-waters-over-ship-fees-s-and-p
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-12-04 | [Trump’s $28 Billion Trade War Bailout Is Overpaying Farmers - Bloomberg](https://feedsoft.ai/events/55567-trump-s-28-billion-trade-war-bailout-is-overpaying-farmers-bloomberg.md) | -3.9% | +1.5% |
| CORN | 2020-03-11 | [U.S. farmers still dependent on trade aid after China deal](https://feedsoft.ai/events/54116-u-s-farmers-still-dependent-on-trade-aid-after-china-deal.md) | -6.0% | -3.6% |
| CORN | 2018-07-24 | [USDA announces $12 billion in programs for farmers affected by trade war - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64020-usda-announces-12-billion-in-programs-for-farmers-affected-by-trade-war-agweek.md) | +1.7% | +1.4% |
| CORN | 2025-04-23 | [US-China tariffs continue to hold sway over trade \| World Grain](https://feedsoft.ai/events/14671-us-china-tariffs-continue-to-hold-sway-over-trade-world-grain.md) | -2.3% | -2.4% |
| CORN | 2018-08-27 | [Trump farm bailout to provide $6 billion in initial relief](https://feedsoft.ai/events/63524-trump-farm-bailout-to-provide-6-billion-in-initial-relief.md) | +0.5% | +0.9% |
| SOY | 2019-02-05 | [The Global Miller: Troubled China opts to reduce protein in animal feed](https://feedsoft.ai/events/60666-the-global-miller-troubled-china-opts-to-reduce-protein-in-animal-feed.md) | -1.5% | -1.9% |
| SOY | 2019-12-04 | [Trump’s $28 Billion Trade War Bailout Is Overpaying Farmers - Bloomberg](https://feedsoft.ai/events/55567-trump-s-28-billion-trade-war-bailout-is-overpaying-farmers-bloomberg.md) | +3.5% | +8.4% |
| SOY | 2020-03-11 | [U.S. farmers still dependent on trade aid after China deal](https://feedsoft.ai/events/54116-u-s-farmers-still-dependent-on-trade-aid-after-china-deal.md) | -5.6% | -2.1% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/041825-multibillion-us-farm-protein-trade-face-choppy-waters-over-ship-fees

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