Moving Forward: Federal court reinstates President Trump’s blanket tariffs

A federal court has put a hold on the ruling that said President Trump overstepped his authority with blanket tariffs.

The President’s team filed an appeal on Wednesday shortly after the first decision was handed down.
The U.S. Court of International Trade argued that the 10 percent blanket tariffs on all countries fell outside emergency requirements.

With this in place, the 10 percent tariffs can be used while the courts decide the case. The next hearing is on June 5th.

Related Stories
Rising global supplies may cap soybean price strength, while sorghum prices hinge heavily on China’s export demand.
Input costs may stay elevated beyond tariff impacts.
Rising costs and prices are shifting acreage toward soybeans. Most fertilizer prices are up double digits from this time last year, with Urea seeing the largest gains.
Shaun Haney with Real Ag Radio joined us to break down the USMCA review and what Canadian producers and exporters should be watching in the months ahead.
Rising fertilizer costs tied to tariffs are tightening margins for U.S. wheat growers, according to new data from the National Association of Wheat Growers.
Expanded access could boost demand for U.S. exports.

LATEST STORIES BY THIS AUTHOR:

Ag Secretary Brooke Rollins told RFD-TV’s Kirbe Schnoor what steps the Administration might take to alleviate water issues (i.e. enlarging dams, building more reservoirs).
Ag Secretary Brooke Rollins told RFD-TV’s Kirbe Schnoor that the Farm Bill is an important piece of legislation and one that she feels “really good about.”
Ag Secretary Brooke Rollins told RFD-TV’s Kirbe Schnoor that trade is unpredictable, and that President Trump is committed to making America’s producers part of that conversation.