Japan
After months of negotiations, the two countries struck a deal to lower the so-called “reciprocal tariffs” from a proposed 25% to 15%, and said increased rice shipments from the U.S. to Japan are part of the deal.
On Saturday, President Trump threatened to impose 30% tariffs on Mexico and the European Union starting on August 1. The announcement came after a string of new tariff threats last week.
On Monday, 14 countries received letters indicating tariff increases of 25% to 40%, including Japan and South Korea. Meanwhile, President Trump extended the implementation date for those tariffs to Aug. 1
After China retaliated with its own tariffs, the U.S. said on Tuesday that 104% duties on imports from China would take effect shortly after midnight, even as the Trump administration moved to quickly start talks with other trading partners targeted by Trump’s sweeping tariff plan.
Farmers can share what we know in countless ways, from conversations with neighbors to forums at trade shows. I wanted to do my part in a powerful medium of communication that I don’t think farmers have ever used before.
If we want our agricultural system to provide high-quality food at reasonable prices in a way that respects the environment, we need to reject non-science-based ideology and embrace safe technology.
The Office of the U.S. Trade Representative’s latest report shows top U.S. wheat importers could see a shake-up if trade barriers aren’t addressed.
Exports of U.S. ethanol could increase by over 80 million gallons annually, representing an additional $150-200 million in exports each year.