Tariffs are a big part of President Trump’s agenda this term, and it will be something Ag Secretary Brooke Rollins will have to closely manage for agriculture.
Dairy specialists warn Mexico, Canada, and China are critical export markets for U.S. dairy.
To underscore the importance of those, about 40 percent of all of the dairy product exports by value goes to those three markets. So, those are vitally important for not just now and in the short term, but for our future growth opportunities,” said Chuck Nicholson.
Just last week, President Trump ordered government agencies to study reciprocal tariffs and non-tariff barriers to trade. Their reports are due on April 1st.
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“We are watching this very closely.”
Today’s Firm to Farm blog post by RFD-TV legal and tax expert Roger McEowen provides a brief summary of the “One, Big, Beautiful Bill.” If passed in its current form, the legislation would represent the largest tax cuts in history.
China will reduce its tariffs from 125% to 10%. In return, the U.S. will lower tariffs on most Chinese goods from 145% to 30%.
When a person is enrolled in Medicare, HSAs and HCSMs can be impacted. It’s important to understand how the interactions work.
Happy National Small Business Week!
