# China announces retaliatory tariffs on $34 billion worth of US goods, including agriculture products

> China announced a 25% retaliatory tariff, effective July 6, on $34 billion of U.S. goods including soybeans, pork, seafood and automobiles. The move mirrors the U.S. Trade Representative's tariff on 818 Chinese imports worth about $34 billion.

- Date: 2018-06-15 · published 2018-06-15T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/64398-china-announces-retaliatory-tariffs-on-34-billion-worth-of-us-goods-including
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Retaliatory duties on U.S. soybeans and pork threaten Chinese demand for U.S. feed ingredients, which is bearish for soybeans and meal, and could also weigh on hog demand.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- HOGS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2018-06-14 | 5 | -6.6% | -2.9 | China's retaliatory 25% tariff on US soybeans was announced June 15 and was anticipated beforehand, so fear of it weighed on prices, but the timing lies just after the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-01-11 | [The Economic Impacts of Retaliatory Tariffs on U.S. Agriculture - WITA](https://feedsoft.ai/events/43144-the-economic-impacts-of-retaliatory-tariffs-on-u-s-agriculture-wita.md) | -1.0% | +14.1% |
| SOY | 2018-03-23 | [China targets $3 billion of US goods in tariff spat \| AP News](https://feedsoft.ai/events/65868-china-targets-3-billion-of-us-goods-in-tariff-spat-ap-news.md) | +1.5% | -0.1% |
| SOY | 2025-03-04 | [China announces new duties on US agricultural imports as US tariffs take effect - Fastmarkets](https://feedsoft.ai/events/8147-china-announces-new-duties-on-us-agricultural-imports-as-us-tariffs-take-effect.md) | +0.2% | +1.7% |
| SOY | 2025-03-04 | [Which U.S. agricultural products did China hit with tariffs? \| Reuters](https://feedsoft.ai/events/11141-which-u-s-agricultural-products-did-china-hit-with-tariffs-reuters.md) | +0.2% | +1.7% |
| SOY | 2019-09-05 | [Retaliatory Tariffs and U.S. Agriculture - EveryCRSReport.com](https://feedsoft.ai/events/57078-retaliatory-tariffs-and-u-s-agriculture-everycrsreport-com.md) | -1.0% | +5.9% |
| SBM | 2025-03-04 | [Which U.S. agricultural products did China hit with tariffs? \| Reuters](https://feedsoft.ai/events/11141-which-u-s-agricultural-products-did-china-hit-with-tariffs-reuters.md) | +1.6% | +1.1% |
| SBM | 2019-08-23 | [China strikes back at U.S. with new tariffs on $75 billion in goods \| Reuters](https://feedsoft.ai/events/57443-china-strikes-back-at-u-s-with-new-tariffs-on-75-billion-in-goods-reuters.md) | -0.6% | -0.9% |
| SBM | 2019-01-28 | [India Examines Market Access For Agriculture And Allied Products Exports To China](https://feedsoft.ai/events/61066-india-examines-market-access-for-agriculture-and-allied-products-exports-to.md) | -0.7% | -2.7% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/06/15/china-announces-retaliatory-tariffs-on-34-billion-worth-of-us-goods-including-agriculture-products.html

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