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A three-judge panel of the US Court of International Trade struck down Trump's emergency-law tariffs, including bilateral tariffs on China and reciprocal tariffs on most countries. The government was given ten days to comply, and the administration has sought a pause and pledged to appeal.
Sectoral steel and aluminum tariffs remain in place.
Removing tariffs on Chinese used cooking oil and Brazilian tallow makes foreign biofuel feedstocks cheaper, which could ease domestic soybean oil prices and revive import flows.
argusmedia.comCole MartinMar 25, 2024After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% 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.
