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.
Lewie Pugh, with the Owner-Operator Independent Drivers Association, joined us on Monday’s Market Day Report to share his perspective on what the bill could mean for truckers.
November 10, 2025 11:46 AM
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With port fees now lifted, economists believe that could help ease tensions. However, American Farm Bureau Federation (AFBF) economist Faith Parum said trade deals with smaller Asian countries are helping stabilize the ag economy.
November 10, 2025 11:36 AM
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Stagger buys and diversifies fertilizer sources — watch CBAM, India’s tenders, and Brazil’s import pace to time urea, phosphate, and potash purchases.
November 07, 2025 11:16 AM
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Tight cattle supplies keep prices high for ranchers, but policy shifts, export barriers, and packer losses signal a volatile road ahead for the beef supply chain.
November 07, 2025 11:02 AM
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Recognizing phosphorus and potash as critical minerals underscores their importance in crop production and food security, providing producers with an added layer of risk protection.
November 06, 2025 03:40 PM
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Pork producers should prioritize health and productivity gains, hedge feed and hogs selectively, and watch Brazil’s export pace and China’s sow policy for price signals.
November 06, 2025 03:03 PM
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