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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.
farmersadvance.com2025年4月4日在过去 49 次看跌的贸易事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.3%（39% 上涨；中间一半区间为 -4.7% 至 +1.5%），20 个交易日内为 -0.4%。
在过去 803 次看跌的贸易事件之后，大豆 在 5 个交易日内中位数变动 +0.0%（51% 上涨；中间一半区间为 -1.7% 至 +1.7%），20 个交易日内为 +0.9%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
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.
