The tariff rate on Canada has been raised to 35 percent and is set to go into effect today. Many are now speculating over what impact could lie ahead for agriculture on both sides of the border.
Keith Currie with the Canadian Federation of Agriculture joined RFD-TV’s own Tammi Arender to discuss what he is hearing from Canadian farmers, if he expects any immediate impact for agriculture, and possible ripple effects.
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One trader said the products entering the U.S. are primarily grind and trim, noting that the volume and type of beef, on its own, should not cause a major disruption. However, he says fund traders are reacting heavily to headlines rather than market realities.
