Trump Trade: China’s tariffs on U.S. agricultural products now effective

President Trump says U.S. talking to 4 different groups on TikTok sale

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly:

CHINA TARIFFS: 

China’s tariffs on many U.S. agricultural products took effect on Monday, for which China is the largest overseas market, The New York Times’ Noam Scheiber and Keith Bradsher report. The Chinese tariffs will include a levy of 15% on U.S. products like chicken, wheat and corn, as well as 10% on products like soybeans, pork, beef and fruit. A spokesman for the National People’s Congress, which is now holding China’s annual legislative session, said last week that U.S. President Donald Trump’s latest tariffs had “disrupted the security and stability of the global industrial and supply chains.” Publicly traded companies in the farm space include Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP) and Intrepid Potash (IPI). Publicly traded food stocks include Kellogg (K), Kraft Heinz (KHC), Performance Food Group (PFGC), Mondelez (MDLZ), McDonald’s (MCD), Yum! (YUM), Tyson Foods (TSN), J.M. Smucker (SJM), General Mills (GIS), Starbucks (SBUX), and Campbell Soup (CPB).

TIKTOK SALE: 

U.S. President Donald Trump said Sunday that the White House is in touch with four different groups about the sale of TikTok, and that all options were good, Reuters’ Gram Slattery reports. “We’re dealing with four different groups, and a lot of people want it … all four are good,” he added. TikTok’s owner ByteDance is being required to either sell it on national security grounds or face a ban took effect on January 19. Several companies have privately expressed interest in participating in a deal for TikTok or its American operations, including Oracle (ORCL), Amazon (AMZN), and Microsoft (MSFT), according to previous reports. Companies in the social media space that compete with TikTok include Meta (META), Alphabet’s YouTube (GOOGL), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).

STEEL, ALUMINUM TARIFFS: 

The United States buys more steel from Canada than from any other country, but those imports will become much more expensive under tariffs intended to be imposed this week, Peter Eavis of The New York Times reports. While many companies oppose the tariffs, the leaders of American steel and aluminum companies have long contended with foreign rivals that undercut them due to their rivals benefitting from subsidies and government support. Publicly traded companies in the steel and aluminum space include ArcelorMittal (MT), Cleveland-Cliffs (CLF), Nucor (NUE), Steel Dynamics (STLD), U.S. Steel (X), Alcoa (AA) and Century Aluminum (CENX).

CRYPTO PRESIDENT: 

The success of $Trump is one example of the president benefiting from an industry his administration regulates, an industry he was originally a strong critic of, Rebecca Ballhaus, Josh Dawsey, and Eliza Collins of The Wall Street Journal report. Trump has recently dismissed over a dozen cases against crypto companies, with executives in the industry seeing this as evidence of its liberation from regulators threats under the Biden administration. Additionally, Trump collected over $50M in donations for his inaugural fund and related groups between the election and the inauguration, people familiar with the meeting between the President and crypto companies. Publicly traded companies in the cryptocurrency space include Bit Digital (BTBT), Bitfarms (BITF), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), MicroStrategy (MSTR), Riot Platforms (RIOT), Stronghold Digital Mining (SDIG) and TeraWulf (WULF).

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Originally Posted March 10, 2025 – Trump Trade: China’s tariffs on U.S. agricultural products now effective