25 percent tariffs are just days away for Canada and Mexico, which are both major trade partners of the United States.
Iowa Senator Chuck Grassley says while there could be retaliatory tariffs, this is what the people decided.
“The country has turned protectionist and mercantilist, and I don’t think that’s good. But we did have an election decided that the country likes what Trump’s trying to do.”
Canadian leaders have also been vocal about the tariff threats, saying the energy markets could be in for a shock if they go through.
“Our entire trade surplus is due to oil and gas. We export at enormous discounts to market price. Depending on the time, we sell a barrel of oil to the Americans for 10 to 30 or 40 percent cheaper than the world price. If President Trump wants to make America richer, the last thing he should want to do is block the under-priced Canadian energy from going into his marketplace,” said Pierre Poilievre, the current Canadian Conservative Party Leader.
Poilievre is widely believed to be Canada’s next Prime Minister. President Trump has given a Saturday start date for the 25 percent tariffs if Canada and Mexico do not cooperate with his immigration plan.
Rabobank’s outlook signals a tightening margin environment, emphasizing the need for cost control, trade stability, and clearer policy signals heading into 2026.
October 31, 2025 11:44 AM
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Farm Bureau Economist Faith Parum discusses key outcomes from the U.S.-China trade agreement and the benefits of expanding trade across Southeast Asia.
October 30, 2025 03:25 PM
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Chris Bliley with Growth Energy discusses ongoing concerns about U.S. ethanol exports and the expansion of market access promised under the Phase One deal between the U.S. and China.
October 30, 2025 02:30 PM
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“It does not extinguish right away here — in any sort of sense — the real profitability concerns and people’s ability to pay bills and get to the other side of this in the very short term. This is where the skepticism builds.”
October 30, 2025 02:20 PM
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U.S. Senator Roger Marshall (R-KS) shares his perspective on the U.S.-China trade developments and their potential impact on American producers, farmers, and ranchers.
October 30, 2025 12:56 PM
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Rich Nelson, a commodity broker for Allendale Inc., joins us to break down what the U.S.-China trade agreement means for the ag economy.
October 30, 2025 12:04 PM
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