Today is the day that many countries around the world have been preparing for. President Trump has laid out the remainder of his tariff plan, with most countries set to see their rates kick in next week on August 7th.
Canada is the only country with the new tariff rate set to kick in today. Through executive order, Trump raised the rate 10 points to 35 percent. This was done through an adjustment of the tariffs laid out in March, on concerns of fentanyl smuggling into the United States. Items covered under USMCA will not be impacted.
Here is where we stand today: A number of countries already have deals in place, like the European Union, Japan, and the UK. Mexican President Gloria Sheinbaum was able to secure a 90-day pause after a phone call with President Trump this week. He calls their situation “different” from other nations and says those negotiations will be handled separately.
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A look at the legislative year ahead as lawmakers return to Washington with a slate of trade concerns to tackle in 2026—from new Chinese tariffs on beef imports to the USMCA review this summer.
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RealAg Radio host Shaun Haney explains why the 2026 USMCA review could directly affect dairy access, produce competition, and export reliability for U.S. farmers and ranchers.
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Canada’s new voluntary Grocery Sector Code of Conduct will take effect on Jan. 1, a goodwill effort to promote fairness and transparency between retailers and support farms that sell directly to stores.
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Fertilizer markets face uncertainty after President Trump raised the possibility of tariffs on Canadian imports, with analysts warning of supply and pricing risks. Josh Linville with StoneX provides a fertilizer industry outlook.
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Strong Farm Credit finances help cushion producers, but prolonged low crop margins could strain renewals in 2026.
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