# China drops tariffs on animal feed from Asian countries as U.S. dispute escalates

> China will cut import tariffs from July 1 on soybeans, soymeal, soybean cake, rapeseed and fishmeal from Bangladesh, India, Laos, South Korea and Sri Lanka. Current rates are 3% on soybeans, 9% on rapeseed, 5% on soymeal and cake, and 2% on fishmeal.

- Date: 2018-06-26 · published 2018-06-26T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/64399-china-drops-tariffs-on-animal-feed-from-asian-countries-as-u-s-dispute-escalates
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower duties let China source feed proteins from non-U.S. origins more cheaply, diverting demand away from U.S. soybeans and meal, which is bearish for those prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CANMEAL: bearish ▼
- FISHMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-06-28 | [China to remove tariffs on feed ingredients from 5 countries \| Feed Strategy](https://feedsoft.ai/events/64514-china-to-remove-tariffs-on-feed-ingredients-from-5-countries-feed-strategy.md) | -3.7% | -0.7% |
| SOY | 2025-04-20 | [China halted orders for U.S. soybeans and corn before tariff escalation - Nikkei Asia](https://feedsoft.ai/events/14667-china-halted-orders-for-u-s-soybeans-and-corn-before-tariff-escalation-nikkei.md) | +1.3% | +1.3% |
| SOY | 2019-08-01 | [Trump escalates trade war with more China tariffs](https://feedsoft.ai/events/8497-trump-escalates-trade-war-with-more-china-tariffs.md) | -1.8% | -1.3% |
| SOY | 2018-07-09 | [As Tariffs Bite, China Cancels U.S. Soy Deals and Hunt Is on for New Export Markets](https://feedsoft.ai/events/63898-as-tariffs-bite-china-cancels-u-s-soy-deals-and-hunt-is-on-for-new-export.md) | -6.9% | +1.4% |
| SOY | 2024-03-25 | [Limited impact on US agriculture from China tariffs \| Latest Market News](https://feedsoft.ai/events/14765-limited-impact-on-us-agriculture-from-china-tariffs-latest-market-news.md) | -0.6% | -2.6% |
| SBM | 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) | -0.6% | -0.9% |
| SBM | 2019-10-14 | [China September soybean imports ease on falling animal feed demand](https://feedsoft.ai/events/56562-china-september-soybean-imports-ease-on-falling-animal-feed-demand.md) | +0.5% | -0.7% |
| SBM | 2018-06-16 | [China hikes tariffs on US soybeans, electric cars, fish \| AP News](https://feedsoft.ai/events/64396-china-hikes-tariffs-on-us-soybeans-electric-cars-fish-ap-news.md) | +0.1% | -2.9% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-china-soybeans/china-drops-tariffs-on-animal-feed-from-asian-countries-as-u-s-dispute-escalates-idUSKBN1JM0NA/

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