# Escalating trade war could dim global demand for commodities

> China announced new tariffs on more than 5,000 products, including agricultural goods such as chicken, wheat, sugar, ginseng and peanuts, following new US tariffs on Chinese goods. An options strategist warned the escalating trade war could weaken global commodity demand.

- Date: 2019-05-13 · published 2019-05-13T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/6670-escalating-trade-war-could-dim-global-demand-for-commodities
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Retaliatory tariffs on chicken and wheat reduce US export access to China, which is bearish for those prices and adds downside pressure on broader commodity demand.

## Read by commodity

- WHEAT: bearish ▼
- CHICKEN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-06-13 | [Falling demand for wheat and corn in China could crash global markets](https://feedsoft.ai/events/14743-falling-demand-for-wheat-and-corn-in-china-could-crash-global-markets.md) | -2.1% | -3.6% |
| WHEAT | 2020-01-21 | [Grain export 2019/20: volume of commodities traded 29 pct up — Latifundist.com](https://feedsoft.ai/events/54925-grain-export-2019-20-volume-of-commodities-traded-29-pct-up-latifundist-com.md) | -4.1% | -0.6% |
| WHEAT | 2019-11-25 | [Grain trade: Competition EU and Black Sea countries](https://feedsoft.ai/events/55914-grain-trade-competition-eu-and-black-sea-countries.md) | +1.0% | -1.1% |
| WHEAT | 2025-02-07 | [Global wheat import demand dented by local output, economic woes](https://feedsoft.ai/events/26074-global-wheat-import-demand-dented-by-local-output-economic-woes.md) | -1.0% | -3.9% |
| WHEAT | 2026-09-21 | [Drought and Global Competition Are Weighing on US Wheat Exports](https://feedsoft.ai/events/17525-drought-and-global-competition-are-weighing-on-us-wheat-exports.md) | +3.5% | +0.7% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/05/13/escalating-trade-war-could-dim-global-demand-for-commodities.html

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