CHICAGO, April 3 (Reuters) - Chicago Board of Trade soybean futures ended down on Thursday on concerns that new U.S. tariffs could trigger retaliatory measures that hurt American exports, analysts said.
President Donald Trump on Wednesday announced a 10% baseline tariff on most imports to the U.S., with higher duties on dozens of trading partners including China and the European Union.
China, the world's biggest soybean importer, already imposed duties on U.S. agricultural products last month in response to earlier Trump tariffs.
Economists said the new tariffs could prove relatively advantageous for Brazil, which is the world's biggest soybean exporter and competes with the U.S. for sales to China.
U.S. soybean export sales in the week ended on March 27 were 410,200 metric tons for 2024-25, within analysts' estimates for 250,000 to 800,000 tons.
CBOT May soybeans SK25 closed 18 cents weaker at $10.11-1/2 a bushel.
CBOT May soymeal SMK25 ended up $0.80 at $288 per short ton as the market rebounded after setting a contract low at $283.50 earlier in the session.
CBOT May soyoil BOK25 fell 1.44 cents to finish at 47.06 cents per pound.
(Reporting by Tom Polansek; Editing by Sandra Maler)
((Thomas.Polansek@thomsonreuters.com))
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