A Senate attempt to block President Trump’s new tariffs came up short in a 49-49 tie, with two Senators missing the vote.
The push, led by Senators Ron Wyden and Rand Paul, aimed to undo the 10 percent baseline tariff announced under an economic emergency order. Agri-Pulse reports supporters said the debate was still important, while some lawmakers quietly expressed concerns about potential trade impacts.
Treasury Secretary Scott Bessent recently told reporters that the Administration is working on deals with 17 countries and singled out negotiations with India as being particularly far along.
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Tariff refunds are underway, potentially returning billions to importers, as agriculture groups push for a larger role in trade policy and investigations.
Rising global supplies may cap soybean price strength, while sorghum prices hinge heavily on China’s export demand.
Input costs may stay elevated beyond tariff impacts.
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.
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.
Rising fertilizer costs tied to tariffs are tightening margins for U.S. wheat growers, according to new data from the National Association of Wheat Growers.
