Trump threatens to raise tariffs on China and soybean price drops

Soybean futures contracts ended Friday (10) with a sharp decline on the Chicago Board of Trade (CBOT). The losses intensified after United States President Donald Trump threatened to increase trade tariffs on Chinese products, which reduced expectations of a new agreement that would expand Chinese purchases of American soybeans. The Republican's statement generated a risk-off movement in the markets, with investors seeking safer assets and pressuring commodity prices broadly. In a lengthy post on the social network Truth Social, Trump stated that he is studying a "massive increase in tariffs" on Chinese products imported by the United States. The threat comes after China announced new restrictions on the export of critical minerals. The Chinese government already tightly controlled exports of rare earths, but on Thursday (9), it added five new elements to the list, bringing the total number of substances subject to restrictions to 12. Beijing also limited the export of dozens of ...