# China strikes back at U.S. with new tariffs on $75 billion in goods | Reuters

> China will impose additional tariffs of 5% or 10% on 5,078 U.S. products, including soybeans, crude oil and small aircraft, and reinstate tariffs on U.S. cars and auto parts. Soybeans face an extra 5% from Sept. 1, and beef and pork face an extra 10%.

- Date: 2019-08-23 · published 2019-08-23T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/57443-china-strikes-back-at-u-s-with-new-tariffs-on-75-billion-in-goods-reuters
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Broad retaliatory tariffs on U.S. farm exports cut Chinese import demand for soybeans and meats, pressuring U.S. ag prices and boosting competitor supply.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼
- CORN: neutral
- HOGS: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2019-08-23 | [China to impose extra tariffs on U.S. soy, beef and pork](https://feedsoft.ai/events/57438-china-to-impose-extra-tariffs-on-u-s-soy-beef-and-pork.md) | +0.5% | -5.6% |
| LCATTLE | 2018-06-22 | [China's Retaliation to Trump's Tariffs \| PIIE](https://feedsoft.ai/events/64584-china-s-retaliation-to-trump-s-tariffs-piie.md) | -1.4% | -0.2% |
| LCATTLE | 2019-06-06 | [Ranchers In The U.S. And Mexico Hope Tariffs Don't Get In The Way Of Beef Market : NPR](https://feedsoft.ai/events/58565-ranchers-in-the-u-s-and-mexico-hope-tariffs-don-t-get-in-the-way-of-beef-market.md) | -0.0% | -3.5% |
| LCATTLE | 2024-03-25 | [US removes tariffs on Australian, New Zealand beef \| Latest Market News](https://feedsoft.ai/events/31166-us-removes-tariffs-on-australian-new-zealand-beef-latest-market-news.md) | -1.8% | -2.3% |
| LCATTLE | 2022-09-13 | [Ag Exports to Take Hit in 2023 and Tariffs on Chinese Imports to Stay - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/39583-ag-exports-to-take-hit-in-2023-and-tariffs-on-chinese-imports-to-stay-ag.md) | +0.2% | +0.9% |
| CORN | 2025-04-30 | [U.S. potash prices rise with new tariffs on Canadian imports](https://feedsoft.ai/events/25452-u-s-potash-prices-rise-with-new-tariffs-on-canadian-imports.md) | -1.7% | +0.6% |
| CORN | 2019-06-19 | [China retains anti-dumping tariffs on U.S. distillers grains ahead of Trump-Xi talks](https://feedsoft.ai/events/58683-china-retains-anti-dumping-tariffs-on-u-s-distillers-grains-ahead-of-trump-xi.md) | +1.3% | -1.6% |
| CORN | 2021-04-27 | [US-China phase one tracker: China’s purchases of US goods - WITA](https://feedsoft.ai/events/47449-us-china-phase-one-tracker-china-s-purchases-of-us-goods-wita.md) | +4.7% | -1.2% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2019/08/yields-trade-tensions-complicate-grain-markets-this-week-in-the-grain-markets/
- reuters.com: https://www.reuters.com/article/world/china-strikes-back-at-us-with-new-tariffs-on-75-billion-in-goods-idUSKCN1VD1BG/

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