President Trump made a major announcement late yesterday on trade with Brazil. He is threatening 50 percent tariffs on all imports. While his message was largely around political events there, he warned that the trade imbalance has gone on long enough.
President Trump told Brazil’s president that new tariffs rates will begin August 1st. He is also calling on U.S. Trade Representative Jamieson Greer to open an investigation into unfair trade practices.
Brazil is a major trading partner, and some worry that the President’s trade policy might cause retaliation. However, Greer argues that tariffs give the U.S. the upper hand.
Related Stories
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.
Strong Farm Credit finances help cushion producers, but prolonged low crop margins could strain renewals in 2026.
Canadian tariffs would raise costs for potash, ammonia, and UAN, increasing spring fertilizer risk.
Julie Callahan was nominated earlier this summer by President Donald Trump, and U.S. Trade Representative Jamieson Greer told lawmakers she is ready to hit the ground running.
Tariff relief and new trade agreements may temper food costs by reducing import costs.
$11 billion will go to row-crop farmers immediately, with $1 billion set aside for specialty crops.
While this month’s WASDE report will not include updated figures on U.S. crop size, officials say it will offer a clearer picture of crop conditions in the Southern Hemisphere.
American soybean and corn leaders, along with Canada’s AgriFood sector, testified before the U.S. Trade Representative’s Office in support of the trade pact between the U.S., Mexico, and Canada.
