# Why trade news is significant and how it affects dairy markets - Progressive Dairy | Ag Proud

> China announced a 25% tariff on U.S. soybeans, added to an existing 13% tariff, and extended similar increases to corn, wheat, sorghum, cotton, beef and other goods. The move was a response to the Trump administration's $50 billion tariff package. Roughly two-thirds of U.S. soybeans are exported, so the retaliation threatens demand.

- Date: 2018-05-04 · published 2018-05-04T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/5128-why-trade-news-is-significant-and-how-it-affects-dairy-markets-progressive
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Losing Chinese demand for U.S. grains and oilseeds is bearish for U.S. prices, and it may shift export flows to Brazil and other suppliers.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-01-03 | [Significant Potential Impact of Tariffs, Trade Retaliation on U.S. Ag Sector](https://feedsoft.ai/events/14691-significant-potential-impact-of-tariffs-trade-retaliation-on-u-s-ag-sector.md) | -0.7% | +4.3% |
| SOY | 2018-06-16 | [Trump's tariffs: What they are and how China is responding \| AP News](https://feedsoft.ai/events/64604-trump-s-tariffs-what-they-are-and-how-china-is-responding-ap-news.md) | -1.2% | -8.4% |
| SOY | 2018-11-14 | [U.S. farmers scramble to contain trade-war damage, find new markets](https://feedsoft.ai/events/61932-u-s-farmers-scramble-to-contain-trade-war-damage-find-new-markets.md) | +1.6% | +4.6% |
| SOY | 2018-07-09 | [As Tariffs Bite, China Cancels U.S. Soy Deals and Hunt Is on for New Export Markets](https://feedsoft.ai/events/63898-as-tariffs-bite-china-cancels-u-s-soy-deals-and-hunt-is-on-for-new-export.md) | -6.9% | +1.4% |
| SOY | 2018-06-24 | [Trade wars leave farming as a casualty - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64502-trade-wars-leave-farming-as-a-casualty-agweek-1-source-for-agriculture-news.md) | -4.0% | -5.2% |
| CORN | 2025-01-03 | [Significant Potential Impact of Tariffs, Trade Retaliation on U.S. Ag Sector](https://feedsoft.ai/events/14691-significant-potential-impact-of-tariffs-trade-retaliation-on-u-s-ag-sector.md) | -0.3% | +4.7% |
| CORN | 2023-11-01 | [CBOT weekly outlook: Demand, not interest rates, affecting markets - Grainews](https://feedsoft.ai/events/33212-cbot-weekly-outlook-demand-not-interest-rates-affecting-markets-grainews.md) | -0.1% | -4.0% |
| CORN | 2018-06-16 | [Trump's tariffs: What they are and how China is responding \| AP News](https://feedsoft.ai/events/64604-trump-s-tariffs-what-they-are-and-how-china-is-responding-ap-news.md) | -0.9% | -3.9% |

## Sources

- agproud.com: https://www.agproud.com/articles/30995-why-trade-news-is-significant-and-how-it-affects-dairy-markets

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