Trade Uncertainty Grows as SCOTUS Delays Tariff Ruling, Trump Calls USMCA ‘Irrelevant’

RealAg Radio host Shaun Haney discusses the latest developments in the Supreme Court, trade tariffs, and the future of the USMCA under President Donald Trump.

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.

Related Stories
Predator pressure and public lands policy were front and center at CattleCon.
The USDA’s February WASDE report looms as the CME Ag Economy Barometer shows declining farmer confidence, and more ag industry groups calling for swift policy action.
Congressman Pete Stauber explains why the repeal of a Biden-era mining ban is good not only for his home state of Minnesota – it’s good for America.
Dr. Peter Beetham, interim CEO of Cibus, joined us to discuss the status of EU gene-editing deregulation and its potential implications for agriculture.
The U.S. trade deal with Argentina creates new export opportunities for U.S. livestock and crop producers but also raises competitive concerns.
More flexible export financing could strengthen demand in emerging markets and support higher U.S. agricultural exports.
Incremental trade clarity with India could support select U.S. ag exports, but major gains hinge on future market-access talks.
The phone call injected optimism into the soybean market, but actual Chinese buying and its timing will ultimately determine the extent of U.S. agricultural export benefits.
Regulatory uncertainty could slow the growth of fiber and grain hemp unless implementation is delayed.

Marion is a digital content manager for RFD News and FarmHER + RanchHER. She started working for Rural Media Group in May 2022, bringing a decade of digital experience in broadcast media and some cooking experience to the team.

LATEST STORIES BY THIS AUTHOR:

Premieres Tue, 5/21/24 – 9 PM ET | 8 PM CT | 7 PM MT | 6 PM PT
From the U.S. Supreme Court down to local jurisdictions, the current developments just keep on rolling in agricultural law and taxation. Here are some recent developments.