# Forex markets: US-China trade tensions in focus

> The yen rose and Treasury yields fell as investors fled to safety amid worries the US-China trade conflict would worsen. China announced tariffs on $75 billion of US goods, the US planned higher tariffs on $250 billion of Chinese goods, and Trump said he would raise a further $300 billion tariff.

- Date: 2019-08-27 · published 2019-08-27T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/57811-forex-markets-us-china-trade-tensions-in-focus
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expanded tariffs on US farm exports to China reduce demand for US soybeans and other feed ingredients, adding bearish pressure on related commodity prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-05-14 | [US-China trade stand-off and implications for FX markets \| Lombard Odier](https://feedsoft.ai/events/8442-us-china-trade-stand-off-and-implications-for-fx-markets-lombard-odier.md) | +5.2% | +8.6% |
| SOY | 2019-05-08 | [Trade war: US-China trade battle in charts](https://feedsoft.ai/events/10431-trade-war-us-china-trade-battle-in-charts.md) | +0.0% | +6.4% |
| SOY | 2017-04-10 | [Ag has plenty at stake in potential U.S. - China trade tensions](https://feedsoft.ai/events/71366-ag-has-plenty-at-stake-in-potential-u-s-china-trade-tensions.md) | +1.2% | +1.5% |
| SOY | 2018-04-03 | [MARKET WATCH: NYMEX, Brent crude prices drop on US-China trade tensions \| Oil & Gas Journal](https://feedsoft.ai/events/10844-market-watch-nymex-brent-crude-prices-drop-on-us-china-trade-tensions-oil-and.md) | +1.1% | +0.2% |
| SOY | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | +1.4% | +0.1% |
| CORN | 2019-05-14 | [US-China trade stand-off and implications for FX markets \| Lombard Odier](https://feedsoft.ai/events/8442-us-china-trade-stand-off-and-implications-for-fx-markets-lombard-odier.md) | +7.0% | +11.7% |
| CORN | 2019-05-08 | [Trade war: US-China trade battle in charts](https://feedsoft.ai/events/10431-trade-war-us-china-trade-battle-in-charts.md) | +0.3% | +10.5% |
| CORN | 2019-05-06 | [Trump's China Tweets Shatter Historic Calm in Global Markets \| Fortune](https://feedsoft.ai/events/10429-trump-s-china-tweets-shatter-historic-calm-in-global-markets-fortune.md) | -3.2% | +10.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/08/27/forex-markets-us-china-trade-tensions-in-focus.html

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