Tariffs will be top of mind as Ag Secretary Brooke Rollins gets to work at the helm of the USDA. They are a big part of President Trump’s agenda, but some worry the ag industry could see some impacts. One International Policy analyst thinks Trump is putting tariffs on the wrong items.
“If you’re going to do tariffs, don’t do it on things that your firms are buying in order to produce stuff. Do it on the end products, do it on foreign cars coming in that are competing with cars made in America,” said Tim Sargent.
However, one ag economist says tariffs do have a purpose.
“The reason that we use tariffs might be to raise funds. It might be to protect American jobs, to grow American industries, and we can look at that from the slant that, okay, maybe perhaps that’ll work,” said Craig Lemoine.
Yesterday, the President ordered government agencies to study reciprocal tariffs and non-tariff barriers to trade. Their reports are due on April 1st.
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U.S. Senator Roger Marshall of Kansas discusses expected changes to the 45Z tax credit and what they could mean for agriculture and rural America.
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Stronger U.S.-Guatemala trade rules favor dependable, regionally integrated supply chains — rewarding execution and commitment over cost-only sourcing.
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Securing Critical Water Resources for South Texas Agriculture
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Texas Agriculture Commissioner Sid Miller discusses the state’s latest efforts to prevent the New World screwworm from reaching Texas.
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Economists are also closely watching how policy decisions in Washington could influence markets moving forward. Analysts say deferred futures for corn, soybeans, and wheat suggest markets are operating near break-even levels, not at prices that would encourage expanded production.
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