The markets are sharply reacting to a looming trade war with China, Mexico, and Canada, as tariffs on our largest ag trade partners will take effect tomorrow.
The White House says tariffs include 10 percent on all imports from China as well as 25 percent on Mexico and Canada. Energy imports from Canada would be taxed at 10 percent. Canada has said it will retaliate with tariffs targeting more than $100 billion in U.S. goods, and Mexico is set to release a list today, which is expected to include agricultural goods.
RFD-TV’s Suzanne Alexander was joined by Tommy Grisafi and Chris Swift to talk about how the markets are reacting so far, how they could react further, and what it could look like for the cattle market.
RealAg Radio’s Shaun Haney also joined us to discuss how Canadian officials are responding, if he thinks the tariffs could be put at bay, and what the tariffs on energy mean for consumers.
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RealAg Radio host Shaun Haney says farmers there are already sounding the alarm about what this could mean for the future of ag research.
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The biggest development of 2025 in agricultural law and taxation was the signing into law on July 4 of the Trump Administration’s landmark legislation, the “One Big Beautiful Bill” Act (OBBBA)
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