President Trump has announced that the U.S. will impose 25 percent blanket tariffs on all imports from Japan starting August 1st.
In a series of posts on Truth Social, President Trump shared letters sent to both countries’ leaders, calling the tariffs necessary to address what he described as “persistent trade imbalances.” He says those numbers could change if either country responds with new counter tariffs.
The Administration maintains that tariffs are vital to both the U.S. economy and national security.
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Input costs may stay elevated beyond tariff impacts.
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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.
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