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
Strong export demand supports barge markets, but weather risks remain.
A stalled World Trade Organization appeals body increases long-term trade policy risk for U.S. agriculture.
Policy awareness is becoming part of everyday risk management.
Canal consolidation during expansion could support export stability, but producers should watch for scheduling or policy changes.
Corn export pace remains the bright spot, but stable ethanol export demand remains a critical support for corn markets.
Rail consolidation could affect grain basis, freight rates, and service reliability across major producing regions.

LATEST STORIES BY THIS AUTHOR:

Mon, 3/4/24 – 8 PM ET | 7 PM CT | 6 PM MT | 5 PM PT
What can these facilities do to protect themselves? I wrote about this issue last spring, and since that time, the U.S. Court of Appeals for the Eighth Circuit has issued a significant opinion. That makes an update in order.
Updated Dicamba information is the topic of today’s Firm to Farm blog post by RFD-TV’s agri-legal expert Roger McEowen with the Washburn School of Law.
On January 31, the U.S. House overwhelmingly passed tax legislation containing provisions of importance to farmers and ranchers in particular and many taxpayers in general.
In this Firm to Farm blog post by RFD-TV legal expert Roger McEowen, he looks ahead at what might be the biggest issues in ag law and tax in 2024.