With the new administration now in office, all of agriculture is keeping a close eye on the potential for new tariffs and the ripple effects that could result for farmers and the supply chain as a whole.
Virginia Houston with the American Soybean Association spoke with RFD-TV’s own Suzanne Alexander on what we have learned from President Trump’s previous tariffs, the impact of tariffs on Mexico and Canada, and what consumers and producers should keep an eye on.
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Betsy Jibben with Ag Market Consulting takes us behind the scenes on report day with AgMarket.net.
Foreign trade partners, such as China and the European Union, are still purchasing U.S. commodities, but are becoming more cautious as the Trump Administration’s tariff deadline approaches in August.
$15 billion in U.S. energy, $4.5 billion ag products, 50 Boeing jets—plus a 19% tariff on Indonesian exports in exchange for U.S. market access.