President Trump’s trade policy officially goes into effect

“This is our turn to prosper.”

President Trump has officially announced the implementation of his tariffs.

His plan includes immediate reciprocal tariffs on nearly all U.S. trading partners. He announced that he will impose 25 percent tariffs on imported automobiles and auto parts, expected to take effect tomorrow, excluding Canada and Mexico.

During his announcement, he declared reciprocal tariffs on multiple countries, including 34 percent on China.

Major farm groups like the American Farm Bureau, National Farmers Union, and NASDA made a last-minute pitch to urge President Trump to reconsider tariffs. However, the shrimp industry is praising the move, hoping tariffs will help save generational businesses and boost domestic supply.

LATEST STORIES BY THIS AUTHOR:

Farm CPA Paul Neiffer shares insight into what these new accounts, established in provisions of the Big, Beautiful Bill, could mean for the farm families.
AFBF Economist Danny Munch shares how passing the Whole Milk for Healthy Kids Act could give the dairy industry a needed boost.
Jan and Erin Johnson also join FarmHER + RanchHER host Kirbe Schnoor on this week’s Dirt Diaries podcast to dig in on entrepreneurship, legacy, and letting go.
Texas Cattle Feeders Association Chairman Robby Kirkland explains how the ongoing U.S.-Mexico border closure impacts feed yards that rely on Mexican cattle due to the New World Screwworm.
While the U.S.-China framework for soybean trade is in place, Ohio farmer Chris Gibbs tells us he will believe it when he sees it.
Global nitrogen and phosphate prices remain high despite improved supply fundamentals, with limited Chinese exports and stronger fall applications tightening availability.