China has just announced retaliatory tariffs against the U.S.
Beginning April 10th, China will impose a 34 percent tariff on all U.S. goods, the same amount as President Trump’s reciprocal tariffs announced this week. Effective immediately, China will enact export controls on a number of materials used to make semiconductors. Export controls are used to restrict the release of certain items to outside nations.
The Associated Press also reports China has suspended imports of chicken from two U.S. plants, Moultaire Farms and Coastal Processing. China claims it has repeatedly detected a drug in the chicken that is banned in their country.
Related Stories
Escalating U.S.–China tensions threaten soybean demand as farm finances are stretched further.
The news immediately caused a drop in equities and commodities, with soybeans down 20 percent in a matter of minutes.
ock NH3 early, track China’s Oct. 15 call and any U.S. Russia-UAN action, stay nimble on urea, and budget cautiously for high-priced phosphate.
Large animal veterinarian Dr. Rosalyn Biggs with Oklahoma State University warns producers may not be prepared for the real threat of New World Screwworm.
AFBF Associate Economist Samantha Ayoub joins us to dive into H-2A visa program changes and what can be done to ease the pressure on producers.
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.
