President Trump has paused his 50 percent tariff hike on the European Union until July. The higher rate was supposed to begin in just a few days.
President Trump says he had a productive call with the EU Commissioner over the weekend, saying she wants to reach a deal but needs more time, requesting a pause until July 9th.
President Trump has said the EU has been difficult to deal with and has voiced frustration over how long negotiations were taking. The EU already has a 25 percent tariff on steel and aluminum, along with reciprocal tariffs on around 10 percent of other goods.
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Michigan corn farmer and NCGA Vice President-Elect Matt Frostic will lead the task force. He joined us on Thursday to share his insights on the escalating corn crisis.
Speaking about his administration’s tariff strategy, Trump acknowledged that producers could face financial strain in the short term but promised stopgap support.
U.S. soybean farmers are growing increasingly frustrated by Argentina’s gains in Chinese grain contracts and Trump’s pledge of economic support for the South American ally.
The USDA is moving to close the farm trade gap through promotion, missions, and stronger export financing.
The three-point plan was announced during remarks at the annual meeting of the National Association of State Departments of Agriculture.
Higher tariffs may shield some U.S. crops but risk retaliation, lost markets, and higher costs for growers. The WTO disputes highlight the fragile balance between trade policy, farm exports, and input supply chains.
