President Trump is expected to release details on new tariffs today, targeting steel and aluminum imports. There are a few details right now, but it reaffirms his stand on taking back control over trade.
Trump told reporters aboard Air Force One that the U.S. will impose 25 percent tariffs on all steel and aluminum imports. President Trump also said he will announce reciprocal tariffs this week on any countries adding duties to the United States.
This all comes just one week after base tariffs on Canada and Mexico were put on pause for a month, as talks continue on securing both sides of the border.
Related Stories
While the Farm Bill is top of mind right now, it is far from the only issue getting attention in Washington.
Rising costs and prices are shifting acreage toward soybeans. Most fertilizer prices are up double digits from this time last year, with Urea seeing the largest gains.
Rising input costs may squeeze margins and shift planting decisions. Scott Metzger with the American Soybean Association discusses fertilizer market pressures and what is at stake for farmers as planting season ramps up.
Shaun Haney with Real Ag Radio joined us to break down the USMCA review and what Canadian producers and exporters should be watching in the months ahead.
New wage rules improve accuracy but may still raise labor costs.
The White House’s plan calls for a nearly 20 percent reduction in the USDA’s budget, which would impact various food and agriculture aid programs.
