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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Plan for a cooler global trade market in 2026 with tighter margins on exports, potential rate shifts, and premiums for reliable deliveries into Asian and African growth markets.
Despite tariffs having a less significant impact on exports, corn producers struggle with tariff-related increases on inputs, which complicates their bottom line.
Trump’s upcoming talks raise hopes for U.S. soybeans, but China’s record purchases from Brazil and Argentina show America’s market share remains under heavy pressure.
Higher domestic rail tariffs and mixed capacity shifts will influence grain movement this harvest. Strong corn exports provide momentum, but logistics costs remain a critical factor.
Michigan corn farmer and NCGA Vice President-Elect Matt Frostic will lead the task force. He joined us on Thursday to share his insights on the escalating corn crisis.
Speaking about his administration’s tariff strategy, Trump acknowledged that producers could face financial strain in the short term but promised stopgap support.
U.S. soybean farmers are growing increasingly frustrated by Argentina’s gains in Chinese grain contracts and Trump’s pledge of economic support for the South American ally.
The USDA is moving to close the farm trade gap through promotion, missions, and stronger export financing.
