This week, President Donald Trump flexed the power of the U.S. when it comes to trade. Mexico and Canada made concessions to avoid tariffs, and now Trump is looking at the European Union.
“Well, we have massive deficits with the European Union, massive like $350 billion, if you can believe it,” Pres. Trump said. “They don’t take our farm products. They don’t take our cars.”
Trump says the EU has abused the U.S. for years, and that needs to change. He also repeated the notion that it could be in Canada‘s best interest to become the 51st state of the United States, saying they have a lot more to lose than we do.
“Why are we willing to lose between $100 billion and $200 billion a year?” Trump said. “We don’t need that. As a state, it’s different, and there are no tariffs. I’d love to see that, but some people say that would be a long shot. If people wanted to play the game right, it would be 100% certain that they become a state.”
This week, Canadian Prime Minister Justin Trudeau offered concessions to keep the tariffs at bay for at least a month. President Trump is expected to keep in talks with Canada and Mexico over the next 30 days.
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President Donald Trump speaks at the World Economic Forum in Davos, addressing SNAP spending, tariff threats against Europe, market reactions, and the upcoming USMCA review.
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Corn growers are turning to ethanol, E15 expansion, and export markets to help absorb record supplies and stabilize prices. Farm leaders discuss low-carbon ethanol demand, flex-fuel vehicle challenges, input costs, and the role of USMCA as producers look for market relief in the year ahead.
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From rising trade tensions in Europe to a pending Supreme Court decision on tariffs and shifting demand from China, global trade policy spearheaded by President Donald Trump continues to shape the outlook for U.S. agriculture—adding uncertainty as farmers navigate another volatile year.
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