# Tariffs add to market uncertainty | AJOT.COM

> Xeneta's chief analyst says the US 'Liberation Day' tariffs of April 2 are unprecedented in scale and will reshape global trade, though some tariffs have been paused for 90 days and EU retaliation is on hold. Tariffs on Chinese goods and China's retaliatory duties remain in place, clouding container shipping demand outlook.

- Date: 2025-04-21 · published 2025-04-21T12:00:00.000Z
- Category: trade · region Global · magnitude high
- Page: https://feedsoft.ai/events/16954-tariffs-add-to-market-uncertainty-ajot-com
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Broad US tariffs and retaliation threaten agricultural export demand and shipping volumes, adding uncertainty that tends to weigh on feed grain and oilseed prices and freight rates.

## Read by commodity

- DXY: neutral
- SOY: bearish ▼
- CORN: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-06-27 | [Tariffs bring market uncertainty -  Premium](https://feedsoft.ai/events/11642-tariffs-bring-market-uncertainty-premium.md) | -2.7% | -0.7% |
| SOY | 2019-05-13 | [Forex Market: Yuan weakest since December as China adds tariffs](https://feedsoft.ai/events/8441-forex-market-yuan-weakest-since-december-as-china-adds-tariffs.md) | +3.1% | +7.7% |
| SOY | 2025-05-29 | [US trade ruling puts uncertainty into poultry feed markets - Poultry Network](https://feedsoft.ai/events/24791-us-trade-ruling-puts-uncertainty-into-poultry-feed-markets-poultry-network.md) | -0.3% | -2.5% |
| SOY | 2018-10-28 | [Tariffs May Crown Corn King Again](https://feedsoft.ai/events/62399-tariffs-may-crown-corn-king-again.md) | +3.6% | +2.0% |
| SOY | 2018-07-18 | [Soymeal Market Remains Calm in China Despite Tariffs](https://feedsoft.ai/events/64010-soymeal-market-remains-calm-in-china-despite-tariffs.md) | +2.2% | +3.0% |
| CORN | 2018-06-27 | [Tariffs bring market uncertainty -  Premium](https://feedsoft.ai/events/11642-tariffs-bring-market-uncertainty-premium.md) | -1.3% | -2.7% |
| CORN | 2019-05-13 | [Forex Market: Yuan weakest since December as China adds tariffs](https://feedsoft.ai/events/8441-forex-market-yuan-weakest-since-december-as-china-adds-tariffs.md) | +6.9% | +11.9% |
| CORN | 2025-02-28 | [Grain and Livestock Mostly Lower on Technical Selling and Tariff Uncertainty](https://feedsoft.ai/events/10619-grain-and-livestock-mostly-lower-on-technical-selling-and-tariff-uncertainty.md) | -2.4% | +0.5% |

## Sources

- ajot.com: https://www.ajot.com/premium/ajot-tariffs-add-to-market-uncertainty

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