Tariffs Take Effect: Overnight action as the White House works to level the playing field on trade

President Trump’s tariff plan is now in effect. 25 percent tariffs began overnight for both Mexico and Canada, and the existing 10 percent tariff on China was raised to 20 percent. Canadian energy is being treated differently as they are a major energy trade partner with us, and those are subject to 10 percent tariffs.

RFD-TV’s Tony St. James and Scott Shellady joined Tammi Arender to help sort it all out and how the markets are reacting.

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The news immediately caused a drop in equities and commodities, with soybeans down 20 percent in a matter of minutes.
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The Washington Tree Fruit Association says this is not surprising and notes the USDA has offered a lifeline to growers while they transition away from the cannery market.