With tariffs go into effect tomorrow, how are the markets responding?

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.

Related Stories
Strong White House backing supports ethanol demand, but timing now hinges on Congress resolving procedural — at the same time as they push toward a spending bill to avert another federal government shutdown.
Lewis Williamson of HTS Commodities joined us with an update on the historic winter storm impacts and his outlook on today’s ag markets.
From tariff talks in Europe to SCOTUS uncertainty and rising farm losses, analysts say policy and global supply will shape grain markets in the year ahead.
Analysts say a Supreme Court decision on tariffs could reshape protein markets, strain U.S.-China trade, and force farmers to rethink global demand strategies.
President Donald Trump speaks at the World Economic Forum in Davos, addressing SNAP spending, tariff threats against Europe, market reactions, and the upcoming USMCA review.
Corn growers are turning to ethanol, E15 expansion, and export markets to help absorb record supplies and stabilize prices. Farm leaders discuss low-carbon ethanol demand, flex-fuel vehicle challenges, input costs, and the role of USMCA as producers look for market relief in the year ahead.
From rising trade tensions in Europe to a pending Supreme Court decision on tariffs and shifting demand from China, global trade policy spearheaded by President Donald Trump continues to shape the outlook for U.S. agriculture—adding uncertainty as farmers navigate another volatile year.
Shaun Haney joined us to discuss Canada’s new trade agreement with China, the potential impact on farmers and exporters, and what it could mean for U.S.–Canada trade relations going forward.

LATEST STORIES BY THIS AUTHOR:

Crop producers face tightening credit and lower incomes, while strong cattle markets continue to stabilize finances in livestock-heavy regions.
Supplemental Disaster Relief Program Stage Two will disburse around $16 billion, approved by Congress last year. Sign-ups begin Monday, and producers have until April to return applications.
An outbreak of Equine Herpesvirus Type 1 (EHV-1) first appeared after livestock events in Texas and Arizona, and some horses have already died.
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.
Farm CPA Paul Neiffer explains the USDA’s Stage Two Supplemental Disaster Relief Program, including application details, deadlines, and guidance for rural producers.