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.
Western Caucus member Rep. Bruce Westerman (R-AR) details the SPEED Act on Champions of Rural America. The legislation aims to reform NEPA, streamline permitting, and expand domestic energy development.
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“I’m not sure where this bridge goes,” trader Brady Huck with Advanced Trading told RFD-TV News earlier this week.
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Canadian tariffs would raise costs for potash, ammonia, and UAN, increasing spring fertilizer risk.
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Julie Callahan was nominated earlier this summer by President Donald Trump, and U.S. Trade Representative Jamieson Greer told lawmakers she is ready to hit the ground running.
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A permanent national E15 standard would boost corn demand, lower fuel costs, and provide a stable path for U.S. energy security.
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American Soybean Association President Caleb Ragland shares the soybean sector outlook following the announcement of farm aid to offset losses for U.S. row crop growers.
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