Oil slumps 7% as Trump announces additional tariffs on Chinese imports

After 56 past bearish trade events, Crude Oil (Brent) moved a median -5.6% over 5 sessions (20% higher; middle half -9.0% to -1.7%), and -4.5% over 20.

• Aug 1, 2019Oil plunges, down more than 6% after Trump adds tariffs on China-13.9%
• Apr 4, 2025Oil dives 7% to lowest in over 3 years on China's tariffs-9.8%
• Apr 3, 2025Crude Prices Collapse on Tariff Announcement - ADM Investor Services-12.8%
• Sep 7, 2020Oil falls after Saudi cuts prices, China slows imports-6.1%
• Apr 9, 2025Oil falls to lowest since 2021 as Trump's tariffs take effect+2.8%

After 80 past bearish trade events, Crude Oil (WTI) moved a median -2.2% over 5 sessions (30% higher; middle half -6.9% to +0.8%), and -1.5% over 20.

• Aug 1, 2019Oil plunges, down more than 6% after Trump adds tariffs on China-12.7%
• Apr 4, 2025Oil dives 7% to lowest in over 3 years on China's tariffs-10.2%
• Apr 3, 2025Crude Prices Collapse on Tariff Announcement - ADM Investor Services-13.1%
• May 31, 2019Stock Up on Avocados – Mexico Tariffs Announced by Trump - Mansfield Energy-6.9%
• Sep 7, 2020Oil falls after Saudi cuts prices, China slows imports-6.2%

After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.

• Jul 20, 2018Trump threatens tariffs on all $500 billion of Chinese imports+1.8%
• Mar 4, 2025China announces new duties on US agricultural imports as US tariffs take effect - Fastmarkets+0.2%
• Nov 1, 2019Soybean Prices Dip As Trump's Chinese Tariffs Take Effect+0.9%
• May 6, 2019Chinese yuan tumbles as Donald Trump threatens trade tariffs-3.9%
• Jun 16, 2018Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back-1.2%