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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Canadian industry leaders argue the tax policies cited by U.S. officials are similar to exemptions already used by American growers.
Current estimates are already hovering around 80 weeks.
Soybeans accounted for nearly half of the $15 billion in losses on U.S. ag exports to China due to tariffs, according to researchers at North Dakota State University.
Cattle analysts say the U.S. beef cattle herd rebuild still faces major hurdles despite some minor positive signals noted in certain regions.
