Canada is the only country with the new tariff rate set to kick in today. President Trump raised their tariff rate ten points to 35 percent, through an adjustment of the tariffs laid out in March on concerns of fentanyl smuggling into the United States.
Host of Real Ag Radio Shaun Haney joined RFD-TV’s Tammi Arender to discuss how realistic it is that Ottawa can negotiate relief with Washington, Mexico’s 90-day extension, and the risks that tariffs could pose to manufacturers and consumers on both sides of the border.
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Removing the 40% duty sharply lowers U.S. beef import costs on beef, coffee, fertilizer and fruit, and restores Brazil’s competitiveness during a period of tight domestic supply.
Ethanol exports are expanding on strong demand from Canada and Europe, while DDGS shipments remain broad-based and supportive for feed markets.
Urea and phosphate see the biggest price relief from tariff exemptions, but nitrogen markets remain tight, and spring demand will still dictate pricing momentum.
Firm live cow prices and shifting dairy-side culling suggest cull cow values may stay stronger than usual this winter despite weaker cow beef cutout trends.
Shawn Haney, Host of RealAg Radio on Rural Radio SiriusXM Channel 147, joined us on Tuesday’s Market Day Report with the latest news from Canada impacting the ag sector.
Tariff relief may soften grocery prices, but it also intensifies competition for U.S. fruit, vegetable, and beef producers as cheaper imports regain market share.
