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The United States will halve the tariff rate on a $120 billion list of Chinese goods to 7.5%, down from the rate imposed September 1. Tariffs of 25% on $250 billion of Chinese goods remain unchanged for now.
Lower tariffs on Chinese consumer goods reduce trade friction and may support broader US-China trade flows, including farm purchases, though the immediate grain price effect is limited.
reuters.comJan 15, 2020After 250 past neutral trade events, SOY moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 480 past neutral trade events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
