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:

AFBF economist Faith Parum breaks down the potential impact of the proposed policy change to allow year-round sales of E15 biofuel.
The request follows pressure from the American Sheep Industry Association (ASIA), which called for a formal investigation into whether lamb imports from Australia and New Zealand have cut into the U.S. market share.
Learn the conditions farmers must meet to qualify for this new three-year tax deferral on farmland sales, how much it could save, and other details to consider.
Bass Pro Anglers Jacob Wall and Bobby Lane will fish together in the Summit Cup after facing elimination in the Challenge Cup Knockout Round.
RFD-TV farm legal expert Roger McEowen digs into the details on how to make your rural property dreams a reality — and avoid a living nightmare.
The facility will increase the range of sterile fly release and bolster preparedness for New World Screwworm.