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.
November 08, 2024 11:25 AM
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For three Days, Where The Food Comes From drove around the coastline of the beautiful state of North Carolina visiting five potato farms and attending two business functions sponsored by North Carolina Potato Association.
November 01, 2024 11:00 AM
October 31, 2024 03:00 PM
October 31, 2024 12:26 PM
FarmHER Debra Lockard joined us Friday on the Market Day Report to discuss her upcoming show episode, which premieres on Tuesday, October 1 at 9:00 PM ET, only on RFD-TV!
September 30, 2024 11:03 AM
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FarmHER Kate Hitchcock joined us on the Market Day Report to discuss the upcoming episode of the show where Kirbe and the crew visit her family’s produce operation in California’s Salinas Valley, which premieres tomorrow, Sept. 24 at 9 PM ET only on RFD-TV.
September 23, 2024 02:01 PM
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