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
Grain movement stayed active, with barges showing the strongest weekly gain while rail and ocean signals remained mixed.
Rising ethanol stocks and softer gasoline demand bear watching, but stronger blending activity and exports offered some support.
Corn export demand remains supportive, but weak pork and rice sales show uneven global demand trends.
Brazil’s ethanol growth could shift the corn trade.
Tasting events in Ghana highlight potential for new export markets
Ag Secretary Brooke Rollins hints at new fertilizer plan while trade deals, soybean markets, and farm bill momentum drive ag policy discussion.