President Trump's Liberation Day announced a 10% baseline tariff on all US imports, with higher tariffs on about 60 countries deemed the worst offenders. China responded with a 34% tariff on US products and restrictions on some American companies.
Mexico had not announced retaliation as of Friday.
Broad reciprocal tariffs and retaliation threaten US agricultural export volumes, especially dairy and soybeans to Southeast Asia and China. Lower export demand would pressure domestic prices.
Setelah 49 peristiwa perdagangan bearish sebelumnya, Susu (Class III) bergerak median -0,3% selama 5 sesi (39% lebih tinggi; separuh tengah -4,7% sampai +1,5%), dan -0,4% selama 20 sesi.
Setelah 803 peristiwa perdagangan bearish sebelumnya, Kedelai bergerak median +0,0% selama 5 sesi (51% lebih tinggi; separuh tengah -1,7% sampai +1,7%), dan +0,9% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
The Liberation Day tariff announcement (Apr 2) and expected retaliation raised fears of lost dairy export demand and triggered broad risk-off selling across commodities, which plausibly contributed to the sharp drop.