Less than a week after taking effect, other nations are responding to President Trump’s tariff plan, looking for a deal.
Speaking to reporters aboard Air Force One over the weekend, the President says he has spoken to leaders from key trade areas like Europe and Asia and says they want to negotiate. Administration officials say more than 50 countries have reached out since the tariffs went into effect.
President Trump says the goal is to have a trade surplus or, at worst, break even.
Related Stories
U.S. trade talks with China resume, but meat industry leaders say dealing with shifting demand and market uncertainty is nothing new in this side of the ag sector.
Tariffs are pushing up input costs, with fertilizer prices rising $100 per ton and machinery costs climbing due to steel and parts duties.
American Soybean Association President Caleb Ragland joins us to share his reaction to September’s WASDE and discuss the trade uncertainty between China and his industry.
Harvested acres are estimated at 90.0 million, making this year’s corn crop one of the largest since the 1930s.
China has been largely absent from U.S. markets lately, but not when it comes to cotton. It’s a buy that, traders say, isn’t surprising given China’s limitations.
U.S. producers are holding off on equipment investments amid financial pressure, market uncertainty, a rising demand for diesel, and growing desperation for trade wins.