WASHINGTON, D.C. (RFD NEWS) — The Supreme Court announced it will not issue a decision today on President Donald Trump’s tariffs-based trade strategy, leaving uncertainty around the future of the policy. Legal experts say the Court could still rule at a later date, with outcomes ranging from full approval to a complete strike-down, or something in between. The Court has not announced the next possible opinion date.
Meanwhile, President Trump is also raising new questions about the future of the U.S.-Mexico-Canada Agreement (USMCA). Speaking while touring a Ford vehicle factory in Michigan, the President called the USMCA “irrelevant,” largely due to his use of tariffs. He said the agreement provides no advantage to the United States and claimed Canada benefits far more from the deal.
Those comments come as the trade agreement is set for review this summer. The USMCA was renegotiated during President Trump’s first term. Leaders at Ford told Reuters the company relies on the agreement and called it critical to their operations, though they also said revisions are needed. Several agricultural groups have publicly called for the USMCA to be renewed.
Shaun Haney, host of RealAg Radio, joined us on Wednesday’s Market Day Report to discuss how the president’s remarks could impact the outlook for the upcoming USMCA review.
In his interview with RFD NEWS, Haney explained how strong language could influence trade negotiations and what the comments could signal in terms of timing. He also discussed the potential reaction from farm groups in both the United States and Canada as uncertainty builds around the agreement.
The National Cattlemen’s Beef Association and Public Lands Council published a joint press release regarding the advancement of legislation to delist the Mexican Gray Wolf from the Endangered Species Act.
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Farm CPA Paul Neiffer joined us to break down the recent Fifth Circuit Court decision overturning a prior Tax Court decision on self-employment tax for limited partners, the ruling’s impact on farmers, and potential next steps in Congress.
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Mike Steenhoek with the Soy Transportation Coalition discusses supply chain challenges facing agriculture as snow, sleet and ice threaten most of the Eastern U.S.
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Brian Earnest, an animal protein economist with CoBank, shares insights into current demand trends and the challenges facing broiler production.
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Jack Hubbard, with the Center for the Environment and Welfare, shares context and perspective on the controversial letter about Prop 12 circulating in Washington and how a review shows it misled the public.
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Decoupled base acres may amplify income inequality and distort planting decisions as farm program payments increase.
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From tariff talks in Europe to SCOTUS uncertainty and rising farm losses, analysts say policy and global supply will shape grain markets in the year ahead.
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Large Brazilian crops heighten downside price risk if the weather allows production to reach projected levels.
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Ethanol and corn groups are not hiding their disappointment over new reports that the bill to allow year-round E15 sales failed as Congress forges ahead on government funding, with another shutdown looming.
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