China recently announced retaliatory tariffs against the U.S.
Beginning April 10th, China will impose a 34 percent tariff on all U.S. goods, the same amount as President Trump’s reciprocal tariffs announced this week.
Today, President Trump made the announcement that the U.S. will impose more tariffs if China does not back down on Truth Social.
“If China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow, April 8th, 2025, the United States will impose additional tariffs on China of 50%, effective April 9th.”
China plans to enact export controls on a number of materials used to make semiconductors.
Related Stories
Lamb prices have seen a surprising surge driven by a tight supply and increasing demand in non-traditional markets.
Farmers should watch for soybean export rebounds with harvest, while corn and wheat shipments remain strong and sorghum demand struggles.
“We believe that it is just a matter of days or weeks... before we see New World screwworm in Texas.”
Rollins says the new trade relationship with Taiwan, which is committed to buying a significant amount of U.S. soy, could not come at a better time for farmers facing financial strain.
The three-point plan was announced during remarks at the annual meeting of the National Association of State Departments of Agriculture.
