Europe Targets US Corn, Soybeans in Tariff Tit-for-Tat. Reacting to the US’ 25% tariff on European steel, the European Commission has announced retaliatory 25% tariffs on US corn and soybean imports, with the Old Continent currently accounting for 4% of total US corn exports and 10% of soybean outflows. CPC (commodity plus carbon) futures for corn and soybeans offers a work-around for US exports.
