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.
Related Stories
Tariff refunds are underway, potentially returning billions to importers, as agriculture groups push for a larger role in trade policy and investigations.
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.
