Cattle markets react to China’s retaliatory tariffs
- ZISK
- Apr 9
- 1 min read
On Wednesday last week, the Trump Administration released its long-awaited plans to impose “reciprocal tariffs” on nearly all U.S. trading partners. The plan's main features include tariff implementation on all countries simultaneously, different rates by country and a fast start, with new rates in effect on April 5.
Unexpected high rates and complexity associated with the tariffs, however, sparked fear in U.S. markets, sending equity and commodity markets into a tailspin on Thursday.
On Friday, China announced retaliatory tariffs of 34% on top of existing 20% levies on U.S. imports. That news spurred additional losses across financial markets, with U.S. equities suffering their worst week since March 2020.
By Trey Freeman
April 8, 2025
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