Tomorrow is the tentative start date for 25% tariffs on both Canada and Mexico, both major U.S. ag trade partners.
The move has been met with mixed reviews, as all of agriculture speculates over the potential impact for farmers on both sides of the border.
StoneX Chief Commodities Economist, Arlan Suderman spoke with RFD-TV’s own Suzanne Alexander on what he is hearing from clients, the impact on the ag industry, and what producers need to keep in mind.
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Ag Secretary Brooke Rollins made the announcement yesterday at the grand opening of a new food safety lab in Missouri, where researchers will do Listeria testing.
$15 billion in U.S. energy, $4.5 billion ag products, 50 Boeing jets—plus a 19% tariff on Indonesian exports in exchange for U.S. market access.
Following an on-target CPI, the combination could suggest that inflation is cooling.
“Just a great, great day and I’m thrilled and honored to be a part of it.”
