Today, President Donald Trump has set a new potential start date to impose tariffs on Mexico and Canada.
He told reporters that he is eyeing April 2nd.
“The damage has been done. We’ve lost millions of people due to fentanyl, it comes mostly from China but it comes through Mexico and it comes from Canada. I have to tell you that April 2nd, I was going to do April 1st, but I’m a little bit superstitious, but April 2nd the tariffs will go on.”
Click here to read how Canada is responding
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“It does not extinguish right away here — in any sort of sense — the real profitability concerns and people’s ability to pay bills and get to the other side of this in the very short term. This is where the skepticism builds.”
RFD-TV tax expert Roger McEowen discusses the renewed tax provision and how cattle producers can take advantage of it to recover investments in heifer retention and herd expansion more quickly.
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Rich Nelson, a commodity broker for Allendale Inc., joins us to break down what the U.S.-China trade agreement means for the ag economy.
The U.S.-China summit raises hopes for stronger exports and reduced barriers, but U.S. ag players should remain strategically cautious until concrete volumes and certifications materialize.
