Global Economy
President Trump’s new tariffs on imports from Canada, Mexico and China have gone into effect. While the economic consequences are unknown, Secretary of Agriculture Brooke Rollins has promised to have a plan ready for farmers, if needed.
China retaliated swiftly on Tuesday with 10% to 15% retaliatory levies impacting $21 billion worth of U.S. agricultural and food products, moving the world’s top two economies a step closer toward an all-out trade war.
Secretary of Agriculture Brooke Rollins kicked off the 2025 Top Producer Summit on Tuesday morning, detailing her plan to advocate for trade. ‘We want to find market access for all our products,’ Rollins said.
A newly introduced bill and judicial review could stall some damage, but a number of U.S. producers will likely still feel economic pain. Funding cuts will also impact 19 land-grant university-based innovation labs in 17 states.
The Panama Canal is in President Donald Trump’s crosshairs — and he’s pledged to retake control of the strategic waterway due to Chinese influence. He also claims U.S. ships have been unfairly charged for using the canal.
Weighing on Scott Irwin’s mind is whether U.S. grain growers need to get some downside price protection for 2025 crops.
The uncertainty surrounding potential U.S. tariffs is already exerting significant pressure on the global economy, according to a Bloomberg Economics model.
The first trading day of 2025 saw the U.S. dollar hit a two-year high, but the strength of the dollar in 2024 also had a major impact on commodity markets.
From a possible trade war to brewing discontent within the country, there are five significant trends poised to shape China in the coming year.
The Fertilizer Institute’s 2024 Fertilizer Industry Economic Impact Study details the contributions of the U.S. fertilizer industry to the economy and also explains the global nature of fertilizer markets.