# New U.S. Tariffs Ramp-Up Fear of Ag Trade Retaliation; Soybean Growers Especially Worried | Farm Policy News | Illinois

> President Trump imposed tariffs on steel and aluminum, with Canada and Mexico exempted, and signaled tougher measures against China. Farm groups warn that Chinese retaliation could hit U.S. soybean exports.

- Date: 2018-03-11 · published 2018-03-11T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/65985-new-u-s-tariffs-ramp-up-fear-of-ag-trade-retaliation-soybean-growers-especially
- 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 tariffs from China, the largest buyer of U.S. soybeans, would reduce export demand and pressure soybean and meal prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-03-01 | [Farmers Worry About Trade Retaliation in Soybeans, RFS Tradeoffs for Corn](https://feedsoft.ai/events/66034-farmers-worry-about-trade-retaliation-in-soybeans-rfs-tradeoffs-for-corn.md) | +1.0% | -2.6% |
| SOY | 2024-10-17 | [New US-China Trade War Could Cost Farmers Billions \| Farm Policy News \| Illinois](https://feedsoft.ai/events/27846-new-us-china-trade-war-could-cost-farmers-billions-farm-policy-news-illinois.md) | +1.8% | +2.5% |
| SOY | 2025-01-03 | [Significant Potential Impact of Tariffs, Trade Retaliation on U.S. Ag Sector](https://feedsoft.ai/events/14691-significant-potential-impact-of-tariffs-trade-retaliation-on-u-s-ag-sector.md) | -0.7% | +4.3% |
| SOY | 2024-10-31 | [Impact of Renewed China-U.S. Tariffs on U.S. Agriculture: Consequences for Corn and Soybean Farmers - Kentucky Corn Growers Association](https://feedsoft.ai/events/27847-impact-of-renewed-china-u-s-tariffs-on-u-s-agriculture-consequences-for-corn.md) | +1.8% | +1.3% |
| SOY | 2018-01-16 | [USDA Trade Data Update: Focus on Soybeans and Grains - Farm Policy News](https://feedsoft.ai/events/9200-usda-trade-data-update-focus-on-soybeans-and-grains-farm-policy-news.md) | +4.3% | +6.1% |
| SBM | 2024-10-17 | [New US-China Trade War Could Cost Farmers Billions \| Farm Policy News \| Illinois](https://feedsoft.ai/events/27846-new-us-china-trade-war-could-cost-farmers-billions-farm-policy-news-illinois.md) | -0.4% | -7.2% |
| SBM | 2018-01-16 | [USDA Trade Data Update: Focus on Soybeans and Grains - Farm Policy News](https://feedsoft.ai/events/9200-usda-trade-data-update-focus-on-soybeans-and-grains-farm-policy-news.md) | +9.3% | +15.5% |
| SBM | 2019-05-30 | [China Halts U.S. Soybean Purchases, While USMCA Prospects Unfold Under a new Threat of Tariffs on Mexico - Farm Policy News](https://feedsoft.ai/events/58950-china-halts-u-s-soybean-purchases-while-usmca-prospects-unfold-under-a-new.md) | -0.4% | -1.8% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2018/03/new-u-s-tariffs-ramp-fear-ag-trade-retaliation-soybean-growers-especially-worried/

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