# Trump's tariffs: What they are and how China is responding | AP News

> AP reports that Trump's tariffs on Chinese goods drew Beijing's retaliation, with China's exports of about 60 percent of US farm shipments at risk. Soybean prices were already falling before the announcement, according to an Iowa Soybean Association official.

- Date: 2018-06-16 · published 2018-06-16T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/64604-trump-s-tariffs-what-they-are-and-how-china-is-responding-ap-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Retaliatory Chinese tariffs on US farm goods threaten the largest export market for US soybeans, pressuring soybean and meal prices.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2018-06-14 | 5 | -6.6% | -2.9 | AP notes soybean prices were already falling before the tariff announcement as China retaliation put US farm exports at risk. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-06-19 | [Trump Wants More China Tariffs](https://feedsoft.ai/events/64511-trump-wants-more-china-tariffs.md) | -3.7% | -7.6% |
| SOY | 2025-02-04 | [How is China hitting back against US tariffs?](https://feedsoft.ai/events/14684-how-is-china-hitting-back-against-us-tariffs.md) | -0.8% | -7.0% |
| SOY | 2018-06-22 | [China's Retaliation to Trump's Tariffs \| PIIE](https://feedsoft.ai/events/64584-china-s-retaliation-to-trump-s-tariffs-piie.md) | -2.2% | -3.5% |
| SOY | 2018-05-09 | [China cutting US soybean purchases in face of tariffs threat \| AP News](https://feedsoft.ai/events/64913-china-cutting-us-soybean-purchases-in-face-of-tariffs-threat-ap-news.md) | +0.7% | -1.7% |
| SOY | 2018-04-05 | [All the Threats and Tariffs in the U.S.-China Trade Conflict](https://feedsoft.ai/events/65378-all-the-threats-and-tariffs-in-the-u-s-china-trade-conflict.md) | +3.2% | +1.7% |
| 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% |
| SBM | 2018-04-13 | [China traders, farmers shrug off risk of US soybeans tariff \| AP News](https://feedsoft.ai/events/65373-china-traders-farmers-shrug-off-risk-of-us-soybeans-tariff-ap-news.md) | -2.6% | +1.9% |
| 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% |

## Sources

- apnews.com: https://apnews.com/article/e68357b6b9034827bbf1ed0419a88b1f

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