While some parts of the President’s tariff plan are on hold, the Farm Bureau says the next three months will be critical for reaching a deal.
“But now is the time for discussion with a lot of the countries, whether they had the 10 percent additional or the much higher levels, the country specific, will be engaging in discussions with the administration. See what kind of a deal they can work out in exchange for, perhaps again reducing the tariffs they may have on some of our products by looking at some of their non-tariff trade barriers. In agriculture, of course, we’re looking to standards,” said AFBF’s Dave Salmonsen.
Salmonsen says the Farm Bureau is just waiting to see what happens next and says they will be closely monitoring export numbers in the coming months.
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China’s pullback is hitting core U.S. commodities hard, reshaping export expectations for soybeans, cotton, grains, and livestock.
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Slower grain movement may pressure basis, but falling diesel prices could help offset transportation costs.
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