GENEVA, SWITZERLAND (RFD-TV)— Global farm trade is bracing for fallout as higher U.S. tariffs trigger new disputes at the World Trade Organization. Brazil formally requested consultations with the U.S. on August 11, following earlier actions by Canada and China.
The moves come as Washington reimposed an additional 10 percent duty on imports from all trading partners, with higher rates on about 70 products, including key agricultural goods.
Soybeans, rice, fruits, and vegetables are among the most exposed sectors. China has yet to make significant new U.S. soybean purchases, while Canada’s consumers are shifting away from U.S. rice. Fruit exporters from South Africa and Chile warn that higher U.S. barriers could leave millions of cartons of citrus, cherries, and blueberries unsold.
Analysts note that input costs for farm machinery, chemicals, and other supplies could also rise as tariffs extend to equipment and imports critical for production.
Tony’s Farm-Level Takeaway: Higher tariffs may shield some U.S. crops but risk retaliation, lost markets, and higher costs for growers. The WTO disputes highlight the fragile balance between trade policy, farm exports, and input supply chains.
Rich Nelson, a commodity broker for Allendale Inc., joins us to break down what the U.S.-China trade agreement means for the ag economy.
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