French President Emmanuel Jean-Michel Frédéric Macron left the U.S. feeling defeated last week after meetings with President Trump to discuss future tariffs.
The French president said that he believes there are misunderstandings and design problems in the approach proposed by the Trump Administration.
Two days after their visit, President Trump proposed plans for a 25% tariff on all imports from the European Union. The European Commission said that it will react firmly against what it believes to be unjustified barriers to free and fair trade.
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Canadian Prime Minister Mark Carney says the retaliatory tariffs aim to protect Canadian industries by targeting sectors including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.
Additional 50 percent U.S. tariffs on Canadian goods are now in effect as Canada vows retaliation and ag groups urge trade negotiations to continue.
Farmers should monitor the Union Pacific-Norfolk Southern merger and conditions along the Mississippi River and Panama Canal as they plan for harvest.
Analysts are watching global oil flows as demand increases.
Industry leaders and lawmakers are looking at legal pathways to address the need for farm workers.
President Donald Trump announced late Tuesday that new U.S. tariffs on Canadian goods are on hold for three days, saying the two countries are close to finalizing a deal.