Trade
Despite economic concerns, row-crop and livestock producers offered a mostly positive outlook on the future of agriculture.
Who is next on the Trump administration’s trade radar?
A strategic pivot toward a more open trade policy.
“It’s unlikely that changes in tariffs will impact prices headed into the Super Bowl, however, we’ll see how it plays out in the coming weeks,” Dr. Michael Swanson says.
Trump recently signed three executive orders imposing tariffs on Canada, Mexico and China. This marks the first time a president has used powers granted under the International Emergency Economic Powers Act of 1977.
Just hours before the tariffs were set to take effect, Mexican President Claudia Sheinbaum announced the news on X, and President Donald Trump later confirmed. Mexico is the top destination for U.S. ag exports. The announcement from Canada came later on Monday.
Following President Trump’s decision to impose 25% tariffs on Canada and Mexico, Canada announced its own 25% tariffs on $155 billion worth of U.S. imports. Mexico also announced its own retaliatory measures, but no specifics were unveiled as of Sunday morning.
U.S. farmers and various trade groups are very apprehensive about not only the potential negative impacts of tariffs on the U.S. ag sector, but what they do to garner new trade agreements.
Speaking from the Oval Office, Trump justified the tariffs as a response to what he described as excessive migration, drug trafficking and unfair trade practices. While he suggested the tariff rate could further increase, he indicated a decision on whether oil imports would be exempt would come soon.
Sec. Mike Naig says the U.S. government is using what he describes as a three-legged stool approach to address the virus in the dairy and poultry industries.
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.
During her confirmation hearing, she emphasized her dedication to agriculture and addressed her stance on ethanol, the Renewable Fuel Standard, tariff impact aid for farmers and Prop 12.
When trade, technology and trust align, we have three necessary pillars for a resilient agriculture.
President Donald Trump signed several executive orders on stage at a rally in Washington, D.C.'s Capital One Arena on Monday, immediately following inauguration. It marked a dramatic and public start to his administration.
As Donald Trump is sworn in as the 47th president, he’s not expected to impose China-specific tariffs on his first day in office, signaling a strategic shift toward engagement with Beijing rather than reigniting a trade war.
Outgoing USDA Secretary Tom Vilsack sent a letter to Mexico’s Secretary of Agriculture acknowledging the progress made in reopening cattle trade between the two countries following the detection of New World Screwworm, but says more action is needed to resume trade.
Treasury Secretary nominee Scott Bessent outlined a three-pronged approach to tariffs during his Senate testimony this week, including targeted tariffs, general tariffs as revenue generators and tariffs as a negotiation tool.
Cutler believes the upcoming challenge lies in overcoming entrenched trade disparities, including subsidies, state-owned enterprises and cross-border data flows.
Markets saw a double-digit rally as USDA says the 2024 corn and soybean crops were not as big as originally projected.
Prime Minister Justin Trudeau’s administration aims for a “dollar-for-dollar” response.
Russia and China are simply not our friends.
Trump has long expressed interest in purchasing Greenland, a Danish territory, describing it as “absolutely necessary” for U.S. security. He also raised concerns over the Panama Canal, claiming its current operation by Chinese interests undermines American control of a critical trade route.
We’re a collection of working farmers, led by a board of men and women who get their hands dirty as we plant and harvest food.
The uncertainty surrounding potential U.S. tariffs is already exerting significant pressure on the global economy, according to a Bloomberg Economics model.
USDA’s Animal and Plant Health Inspection Service (APHIS) suspended imports of live cattle and bison from Mexico on Nov. 22, 2024, following the detection of New World screwworm (NWS) along Mexico’s southern border.
Canada is preparing for potential trade challenges following Trump’s threat of a 25% tariff on Canadian imports. The Canadian government is considering a proactive approach, including the possible early release of a retaliatory tariff list.
Trudeau also announced parliament would be prorogued, or suspended, until March 24. That means an election is unlikely before May at the earliest, so Trudeau will remain in charge - at least initially - of dealing with the threat of crippling tariffs once U.S. President-elect Donald Trump takes office on Jan. 20.
Speaker Mike Johnson (R-La.), commits to fast-tracking Trump’s legislative agenda by May, which is perhaps the biggest bill in American history. There will be unprecedented spending cuts to help pay for it all, along with newly proposed tariffs on imported goods.
A new economic study paints a troubling picture of the potential results a renewed U.S./China trade war could have on farmers and the ag sector.
Sen. Katie Britt (R-Ala.) criticized the Biden administration for allegedly conducting secretive renegotiations of key trade agreements.