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An additional 10% tariff on Chinese imports, starting March 4, doubles the existing duty and was linked by Trump to the fentanyl trade. The yuan weakened and USD/CNH tested 7.3000 before pulling back, possibly on Chinese intervention.
Analysts flag a risk of a stronger Chinese retaliation.
New US tariffs raise the risk of Chinese retaliation against US agricultural exports, which would weigh on US soybean demand and prices. The weaker yuan also reduces Chinese purchasing power for US goods.
cityindex.comDavid ScuttFeb 28, 2025After 803 past bearish trade events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 40 past bullish trade events, USDCNY moved a median +0.6% over 5 sessions (75% higher; middle half +0.0% to +1.4%), and +1.1% 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.
