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Stock impact report

China retaliation on US farm goods hits soybeans, bolstering Brazil [Yahoo! Finance]

Darling Ingredients Inc. (DAR) 
Last darling ingredients inc. earnings: 2/25 04:35 pm Check Earnings Report
US:NYSE Investor Relations: ir.darlingii.com
Company Research Source: Yahoo! Finance
Beijing's move towards alternative suppliers for agriculture goods including Brazil, a shift that began during the trade war of President Donald Trump's first term. Beijing unveiled a slew of countermeasures, including additional duties of 34% on all U.S. goods, which are on top of the 10-15% tariffs placed on roughly $21 billion worth of agricultural trade in early March. "It is like shutting down all U.S. agricultural imports. We are not sure if any imports will be viable with 34% duty," said a Singapore-based trader at an international trading company which sells grains and oilseeds to China. "The main impact will be on products like soybeans and sorghum. It is not going to be so much on wheat and corn as China has not been buying much of wheat and corn from the U.S. this year anyway," the trader added. A European grains trader said that the European Union, which has also vowed to retaliate, was also likely to put tariffs on U.S. soybeans. "It's all about soybeans. A majo Show less Read more
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