President Trump is backing America’s farmers and ranchers in the midst of tariff uncertainty.
In a joint session of Congress, the President reassured farmers, but warned there could be an adjustment period in the coming weeks.
“I love the farmers, who will now be selling into our home market, the USA. Nobody is going to be able to compete with you because there are goods that come in from other countries and companies. They’re really, really in a bad position in so many different ways. They’re uninspected, they may be very dirty and disgusting, and they come in and they pour in and they hurt our farmers. The tariffs will go on agricultural products coming into America, and our farmers, starting on April 2nd, it may be a little bit of an adjustment period. We had that before when I made the deal with China, which was $50 billion in purchases. I said just bear with me, and they did. They will probably have to bear with me again, and this will be even better. The problem with it was that Biden didn’t enforce it, didn’t enforce $50 billion of purchases that were doing great, but Biden didn’t enforce it, and it hurt our farmers. But our farmers are going to have a field day right now, so to our farmers, have a lot of fun. I love you, too.”
Trump says other countries have used tariffs for decades and says it has been very unfair.
Despite the need for swift action, many ag lawmakers and industry groups argue that farm aid alone will likely not be sufficient to help farmers without improved trade relations with China.
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AFBF Vice President of Public Policy and Economic Analysis, Dr. John Newton, explains the factors contributing to the growing financial strain in the ag sector and the urgent need for swift economic support.
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One trader said the products entering the U.S. are primarily grind and trim, noting that the volume and type of beef, on its own, should not cause a major disruption. However, he says fund traders are reacting heavily to headlines rather than market realities.
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Farm legal expert Roger McEowen reviews the history of the Waters of the United States (WOTUS) rule and outlines how shifting definitions across multiple administrations have created regulatory confusion for landowners.
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