The latest tariff delay includes items covered under the USMCA. However, tariffs could be on the way for other goods coming out of Canada.
President Trump is looking at Canadian dairy and lumber imports. He told reporters in the Oval Office that Canada has a tremendously high tariff, making it impossible for U.S. to sell lumber or dairy there. Dairy groups have argued for years that there are too many trade barriers for accessing Canadian markets.
Lumber has also been at the center of debate, with the U.S. accusing Canadians of benefitting from subsidies from federal and local governments.
Related Stories
Corn Refiners Association VP Kristy Goodfellow offered insight into the Feeding the Economy Report’s key findings, showing the breadth of agriculture’s economic impact and the challenges ahead.
National Association of Wheat Growers President Jamie Kress discusses how rising fertilizer prices pressure wheat producers and the Administration’s consideration of lowering duties on Moroccan phosphate.
Justin Tupper with the U.S. Cattlemen’s Association joins us to discuss the USDA’s voluntary labeling updates, industry priorities, and the outlook for U.S. cattle producers.
For agriculture, the meeting is seen as a potential turning point, with markets watching closely for any signals on trade, exports, and future purchasing commitments.
As farmers and ranchers navigate rising input costs, lawmakers are considering a roughly $15 billion aid package to help, which would be tied to the spending bill for the war with Iran.
Lower costs improve competitiveness, but demand remains uncertain.
