Retaliatory Tariffs Reduced U.S. States’ Exports of Agricultural Commodities

After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.

• Sep 5, 2019Retaliatory Tariffs and U.S. Agriculture - EveryCRSReport.com-2.8%
• May 27, 2025Retaliatory Tariffs on U.S. Agriculture and USDA’s Responses: Frequently Asked Questions - EveryCRSReport.com-2.1%
• Sep 7, 2017Mexico presses to open Canadian, U.S. agricultural export markets-1.8%
• Jun 16, 2018China hits U.S. agriculture with retaliation-0.9%
• Mar 4, 2025China announces new duties on US agricultural imports as US tariffs take effect - Fastmarkets+3.2%

After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.

• Mar 7, 2022Retaliatory Tariffs Reduced U.S. States’ Exports of Agricultural Commodities | Economic Research Service+0.9%
• Mar 7, 2022Retaliatory tariffs against U.S. agricultural exports first began in mid-2018+0.9%
• Sep 5, 2019Retaliatory Tariffs and U.S. Agriculture - EveryCRSReport.com-1.0%
• Jan 11, 2022The Economic Impacts of Retaliatory Tariffs on U.S. Agriculture - WITA-1.0%
• May 27, 2025Retaliatory Tariffs on U.S. Agriculture and USDA’s Responses: Frequently Asked Questions - EveryCRSReport.com-2.5%

After 1,079 past trade events, Wheat (SRW) moved a median -0.0% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.2% over 20.

• Jun 30, 2022U.S. Ag Exports/Trade Policy Update as of June 2022 | Agricultural Economics-8.7%
• Mar 4, 2025China announces new duties on US agricultural imports as US tariffs take effect - Fastmarkets+0.1%
• Apr 19, 2017India: Reduced quantity restrictions on export of certain agricultural products - Global Trade Alert+1.2%
• Mar 4, 2025China retaliatory tariffs on US farm goods+0.1%
• May 2, 2025Ukraine's agricultural exports drop 23.4% in April+2.1%