# ASA: Proposed Steel Tariffs Raise Potential for Retaliation Against U.S. Soybeans - American Soybean Association

> The American Soybean Association warns that proposed Section 232 steel and aluminum tariffs could prompt Chinese retaliation targeting U.S. soybeans. China buys roughly a third of U.S. soybeans, valued above $14 billion. The association says Chinese officials previously identified soybeans as a retaliation target.

- Date: 2018-02-16 · published 2018-02-16T12:00:00.000Z
- Category: geopolitics · region US · magnitude high
- Page: https://feedsoft.ai/events/66381-asa-proposed-steel-tariffs-raise-potential-for-retaliation-against-u-s-soybeans
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Explicit Chinese retaliation threats against soybeans raise the risk of lost export demand and downward pressure on soybean and meal prices. Competing Brazilian and Argentine supply would likely fill any gap.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-07-14 | [Wheat, soybeans fall on expectations of progress in Ukraine shipping talks - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/5976-wheat-soybeans-fall-on-expectations-of-progress-in-ukraine-shipping-talks.md) | -8.8% | +6.3% |
| SOY | 2020-07-15 | [China's yuan firms on weaker dollar but renewed Sino-U.S. worries cap gains \| Financial Post](https://feedsoft.ai/events/52325-china-s-yuan-firms-on-weaker-dollar-but-renewed-sino-u-s-worries-cap-gains.md) | +1.6% | -0.5% |
| SOY | 2026-08-04 | [CBOT grains, soybeans fall as oil drops on Iran hopes \| Stock Market News](https://feedsoft.ai/events/12807-cbot-grains-soybeans-fall-as-oil-drops-on-iran-hopes-stock-market-news.md) | -0.9% | +9.1% |
| SOY | 2026-07-27 | [Corn and Soybeans Fall on US Weather, Pause in US-Iran Strikes - Bloomberg](https://feedsoft.ai/events/8278-corn-and-soybeans-fall-on-us-weather-pause-in-us-iran-strikes-bloomberg.md) | -6.1% | -1.8% |
| SOY | 2020-05-27 | [Yuan slumps to 9-mth low on Sino-U.S. tensions, corporate dollar demand \| Financial Post](https://feedsoft.ai/events/53377-yuan-slumps-to-9-mth-low-on-sino-u-s-tensions-corporate-dollar-demand-financial.md) | +0.4% | +3.3% |
| SBM | 2022-03-30 | [SOYBEANS: May Have Taken Out Too Much War Premium; Demand Remains Strong — The Hightower Report](https://feedsoft.ai/events/42370-soybeans-may-have-taken-out-too-much-war-premium-demand-remains-strong-the.md) | -0.4% | -3.5% |
| SBM | 2025-12-02 | [Market Snapshot \| Black Sea tensions spur rally in grains - Pro Farmer](https://feedsoft.ai/events/11262-market-snapshot-black-sea-tensions-spur-rally-in-grains-pro-farmer.md) | -2.4% | -4.1% |
| SBM | 2017-03-28 | [Pork and beans could take brunt of China-U.S. trade dispute](https://feedsoft.ai/events/71849-pork-and-beans-could-take-brunt-of-china-u-s-trade-dispute.md) | -2.4% | -0.6% |

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/asa-proposed-steel-tariffs-raise-potential-retaliation-u-s-soybeans/

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