President Trump’s tariff plan is slated to take effect this afternoon. It is a move months in the making, but now a number of ag groups are making a last-minute push, asking the Administration to reconsider.
Groups like the Farm Bureau, the National Farmers Union, and NASDA have all signed a letter to Ag Secretary Brooke Rollins, writing that sweeping tariffs would have negative consequences for the U.S. ag industry. They warn that retaliation would create hardships for farmers and ranchers who never recovered from the last round of tariffs.
They are asking for trade policy that advances U.S. agriculture and prioritizes new market access. President Trump is expected to enact the new trade policy this afternoon at 4:00 Eastern.
Not every industry is worried about the President’s plan, though. The Southern Shrimp Alliance welcomes tariffs, urging the President to effectively raise the price of foreign shrimp. The group accuses the Treasury Department of allowing foreign companies to directly compete with American fishermen and say it is causing multi-generational businesses to close shop. They hope tariffs will boost domestic production.
Early indications suggest the U.S. cattle industry may be nearing the end of its liquidation phase. Oklahoma State University livestock economist Dr. Derrell Peel says the industry could be at or near the cyclical low.
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Corn and soybean exports continue to anchor weekly inspection totals, with China maintaining a visible role, while wheat and sorghum remain more dependent on regional and seasonal demand shifts.
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