The 25 percent tariff on steel and aluminum is officially in place. President Trump signed the official proclamation last night.
The move includes a 25 percent tariff on steel and aluminum from all countries. Tariffs had already been in place, but there had been exceptions. The move is supported by steel manufacturers in the United States, who have long asked for protections from cheaper foreign imports.
President Trump called the move a big deal and said it is time for great industries to come back to America. The President also talked about concerns that recent tariff action would hurt farmers and ranchers.
Tariffs have been a big topic out of Washington since Trump took office. There is still a pause on 25 percent blanket tariffs on Canada and Mexico while discussions continue.
RealAg Radio’s Shaun Haney spoke with RFD-TV’s own Suzanne Alexander on the reaction in Canada, the impact to ag, and what to expect in March.
Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
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Beef demand could be influencing other economic sectors, as consumers adjust spending habits to prioritize higher-priced beef products.
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AFBF Economist Bearnt Nelson joins us with insights into current turkey flock sizes, HPAI concerns, and production impacts on holiday demand.
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Dr. Beetham outlined the background of the EU’s decision to modernize seed regulations and where the process stands today, and its impact on global agriculture and food security.
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“It, all of a sudden, says that tracking and fighting hunger is not a priority, apparently, at the federal level.”
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