Tariffs are already having an impact on some businesses, and it comes with planting season right around the corner.
Owners at Bay Shore Sales in Michigan tell AgriPulse that they have been waiting on a liquid storage tank from Canada for some time now. The delivery got delayed Tuesday night, and by Wednesday, they learned it was not coming. He says he is already starting negotiating prices with customers, and will not break agreements already in place.
He says they will likely have to source products that are not subject to tariffs.
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Current estimates indicate the federal government could be forced to return more than $150 billion to importers.
Ethanol plants kept production steady, but softer gasoline demand and lower exports may limit near-term momentum.
