New tariffs were announced overnight against Canada. In a letter to Prime Minister Mark Carney, President Trump expressed concerns in several areas, including dairy trade.
Canada now faces a 35 percent tariff on all goods entering the United States, beginning August 1st. The rate will be on top of the other sector-based duties.
President Trump says Canada still has large barriers for U.S. dairy products, warning that some dairy farmers cannot even enter the Canadian market. He calls the imbalance a threat to national security.
Related Stories
With China halting U.S. soybean purchases and talks tied to broader strategic issues, growers face renewed export uncertainty.
Talks highlight the widening role of agriculture in U.S.–India trade policy, though neither side appears ready for major concessions before tariff issues and oil imports are resolved.
In a statement provided to RFD-TV News, a USDA spokesperson reiterated President Trump and the USDA’s commitment to farmers in difficult economic times.
China is not one of our top suppliers of cooking oil, according to USDA ERS data, but does export a lot of used cooking oil to the U.S. for biofuel production.
Expect choppier basis and wider bids — hedge earlier, keep logistics flexible, and watch Argentina and India headlines for near-term opportunities.
New U.S. fees on Chinese-owned and built ships took effect overnight, marking the latest escalation in maritime trade tensions between Washington and Beijing.
