The Trump Administration says it can now assign a dollar value to the President’s tariff plan.
During President Trump’s cabinet meeting yesterday afternoon, Treasury Secretary Scott Bessent told the panel that the U.S. has pulled in $100 billion since the tariff rollout. By the end of the year, he estimates tariffs will net the U.S. $300 billion. He says that in ten years, the Congressional Budget Office shows $2.8 trillion collected as a result of the tariff plan.
Bessent told the Cabinet that he believes the 10-year payout will be much higher. This week, President Trump gave an August 1st deadline for blanket tariffs.
Related Stories
WTO gauges point to agricultural raw materials trade growing more slowly than overall goods, reinforcing the need to manage export risk and monitor policy shifts closely.
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.
Higher rail tariffs and tighter Canadian supplies will keep oat transportation costs firm into 2026.
Removing the 40% duty sharply lowers U.S. beef import costs on beef, coffee, fertilizer and fruit, and restores Brazil’s competitiveness during a period of tight domestic supply.
Urea and phosphate see the biggest price relief from tariff exemptions, but nitrogen markets remain tight, and spring demand will still dictate pricing momentum.
Firm live cow prices and shifting dairy-side culling suggest cull cow values may stay stronger than usual this winter despite weaker cow beef cutout trends.
Tariff relief may soften grocery prices, but it also intensifies competition for U.S. fruit, vegetable, and beef producers as cheaper imports regain market share.
U.S. Trade officials announced new deals with El Salvador, Guatemala, Ecuador, and Argentina, as well as a steep reduction in tariffs on Swiss imports.
RealAg Radio host Shaun Haney shares insights from a recent study, discusses EV market access in Canada, and highlights other market opportunities top of mind for Canadian producers.
