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:

An import lag for ground beef will likely look different than last year’s egg shortage. The difference comes down to biosecurity and market flexibility.
Persistently low Mississippi River levels are turning logistics challenges into pricing risks — tightening margins for grain producers and exporters across the heartland.
Pull out the popcorn! We’ve rounded up the 10 best cowboy movies of all time.
U.S. Rep. Dusty Johnson (R-SD) shares his outlook on the developing U.S.-China Trade agreement, and the ongoing impact of the federal government shutdown—now stretching past four weeks—on rural communities and producers.
RealAg Radio host Shaun Haney joined us on Friday’s Market Day Report to discuss what the Carney-Xi meeting could mean for Canadian producers.
Market analyst and friend of the show, Shawn Hackett, says Brazil’s shifting use of crops for biofuel production is a significant factor.