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.
With China’s pullback, U.S. sorghum producers must broaden their export markets. Building connections now could help stabilize prices and demand for the upcoming larger crop.
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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.
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Malone, Senior Director of Trade Execution at Bunge, emphasized the importance of spaces where women can engage in meaningful conversations about global trade, supply chains, and leadership opportunities.
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“Those could’ve easily been our beans going over there. It goes to show that if that opportunity is there, China would be willing to buy.”
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We caught up with Karen Braun, Chief Market Analyst at Zaner Ag Hedge, at the Women in Agribusiness to discuss the data behind commodity trading.
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North Dakota Farmers Union (NDFU) President Mark Watne joined us Monday to share his perspective on the America First Trade Promotion Program and potential implications for producers.
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