Tariffs on Canadian dairy and lumber imports could be next

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
Expect incremental near-term lift for feed grains, proteins, and ethanol as tariff cuts and smoother approvals translate into real orders.
Cattle markets are collapsing this week, and analysts say that several factors are at play. Consumer beef prices also remain near all-time highs, threatening long-term demand.
If confirmed, early Chinese buys tighten nearby Gulf/PNW capacity and could bump basis in export-oriented regions.
Trade pacts with Malaysia and Cambodia unlock tariff-free and preferential lanes for key U.S. farm goods, expanding long-term demand in Southeast Asia.
The idea of buying more beef from Argentina does not sit well with much of farm country, raising some questions from analysts and producers.
Shaun Haney, Host of RealAg Radio, discusses President Trump’s move to halt trade talks with Canada and Mexico over a commercial about tariffs launched by the Government of Ontario.

LATEST STORIES BY THIS AUTHOR:

Frigid winter weather and rapid temperature swings have cattle markets watching closely for livestock stress, as analysts say fluctuations pose the greatest risk.
A new study found that retaining the EPA’s half-RIN credit protects soybean demand, farm income, and crushing-sector strength while preserving biofuel market flexibility.
The U.S. has a bountiful corn supply, but markets are waiting for the January WASDE Report, which will include updated yield estimates.
Rising federal debt is increasing pressure on Washington to limit spending, which could tighten future funding and delivery for agricultural programs.
“I’m not sure where this bridge goes,” trader Brady Huck with Advanced Trading told RFD-TV News earlier this week.