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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API said it stands ready to work with Congress to develop a balanced approach to E15 legislation that promotes fuel choice, supports investment certainty, and contributes to a stable and fair marketplace for American consumers.
Lawmakers are pressing for answers on how Washington’s “managed trade” approach — keeping leverage through long-term tariffs — will affect farmers, global markets, and future export opportunities.
In the meantime, Senate Majority Leader John Thune is asking that farmers be allowed to use marketing assistance loans to help stay afloat.
Beef industry groups seem to agree — market-based pricing, not federal intervention, best supports rancher livelihoods and long-term beef supply stability.
Cattle groups say additional imports would offer little relief for consumers but could erode rancher confidence as the industry begins to rebuild herds.
Understanding how these tax provisions interact will be key for farmers planning long-term equipment purchases or transfers within the family.
