President Trump is making good on his campaign promises to level the field on trade. However, speaking from the Oval Office yesterday afternoon, he suggested some countries could receive exemptions to his tariff plan, making his approach broader.
Tariffs against major trade partners are expected to go into effect on April 2nd, a week from tomorrow. Canada’s new Prime Minister, Mark Carney, says they are prepared to return fire but need to proceed with caution.
“There is a limit to the extent we should match U.S. tariffs. My commitment, my government’s commitment, is that we will use all of the revenues from those tariffs to support Canadian workers who are affected by the U.S. trade actions, and we’ll see what happens on April 2nd. We’ll see what happens after that. And there’s a limit, there’s a limit to matching these tariffs dollar-for-dollar, given the fact that our economy is a tenth of the size of the United States.”
Carney says Canadian officials are now looking at providing their own version of economic assistance to help farmers hurt by trade issues, but no detailed plans have been drawn up yet.
Traders say that shift could eventually prompt the USDA to scale back soybean export projections, noting the outlook differs greatly for other grain commodities.
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Often overlooked, cotton wholesalers act as stabilizers during market stress, translating fragmented retail demand into workable production programs for mills and manufacturers.
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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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Reliable waterways lower costs, protect export demand, and support long-term farm profitability.
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USDA Undersecretary for Trade and Foreign Agricultural Affairs Luke Lindberg joined us with a recap of the Malaysia trade mission and a look at USDA’s broader trade strategy moving forward.
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Mike Steenhoek of the Soy Transportation Coalition shares how extreme winter weather is affecting the ag transportation network and what producers should keep in mind as conditions slowly improve.
January 28, 2026 01:36 PM
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