# Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back

> The US set tariffs on about $50 billion of Chinese goods, and China's Commerce Ministry said it would respond with its own tariffs. US soybean futures fell 1.5 percent to a one-year low on concern that the escalating fight will threaten shipments to China, the biggest buyer.

- Date: 2018-06-16 · published 2018-06-16T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/64570-trump-sets-tariffs-on-50-billion-in-chinese-goods-beijing-strikes-back
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

New tariffs on US goods, including soybeans, directly reduce export demand and push soybean prices lower.

## Read by commodity

- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2018-06-14 | 5 | -6.6% | -2.9 | US tariffs on $50B of Chinese goods and the expected Chinese response pushed soybean futures to a one-year low on concern for shipments to the biggest buyer. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 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) | +0.0% | +3.1% |
| SOY | 2018-07-20 | [Trump threatens tariffs on all $500 billion of Chinese imports](https://feedsoft.ai/events/63946-trump-threatens-tariffs-on-all-500-billion-of-chinese-imports.md) | +1.8% | +4.7% |
| 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 | 2021-07-29 | [U.S. Trade Tariffs on China Near $100 Billion](https://feedsoft.ai/events/45924-u-s-trade-tariffs-on-china-near-100-billion.md) | -2.0% | -6.0% |
| SOY | 2019-08-01 | [Oil slumps 7% as Trump announces additional tariffs on Chinese imports](https://feedsoft.ai/events/8492-oil-slumps-7-as-trump-announces-additional-tariffs-on-chinese-imports.md) | -1.8% | -1.3% |

## Sources

- reuters.com: https://www.reuters.com/article/world/trump-sets-tariffs-on-50-billion-in-chinese-goods-beijing-strikes-back-idUSKBN1JB0K2/

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