Loading…
Following a July 25 Trump-Juncker meeting, the U.S. and EU agreed to work toward zero industrial tariffs, pausing a tariff escalation. USA Rice said the statement omitted agriculture, and that EU duties keep U.S. rice exports near 55,000 tons, with an extra 25% duty imposed on U.S. milled and broken rice on June 20.
The extra EU duty further restricts U.S. rice export access, keeping demand for U.S. rice weak, though the broader trade truce modestly lowers tail risk.
usarice.comJul 30, 2018After 141 past bearish trade events, RICE moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
