More countries got letters over the weekend from President Trump, warning that stronger tariffs are on the way come August 1st.
The latest round was addressed to the European Union, along with Mexico. President Trump says both countries face 30 percent tariffs starting next month. His concerns with Mexico stem from illegal drug trafficking, something Trump claims Mexico has made little progress on.
Leaders at the EU says they have their own tariffs ready to go, saying they have remained committed to finding a deal forward.
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Cattle analysts say the U.S. beef cattle herd rebuild still faces major hurdles despite some minor positive signals noted in certain regions.
President Trump and Treasury Secretary Scott Bessent are expected to discuss commodities, trade and regional stability during meetings in Asia.
The White House is reportedly moving forward with beef import tariff reductions as officials look to lower food costs for consumers.
Current estimates indicate the federal government could be forced to return more than $150 billion to importers.
Farmers are closely watching upcoming U.S.-China trade talks as rising fertilizer and diesel costs continue to pressure exports, margins, and rural economies.
RealAg Radio’s Shaun Haney joins us to discuss geopolitical trade tensions, energy market volatility, and what global shifts could mean for U.S. agriculture exports.
