Tariffs
Tariffs, also known as taxes on imported goods, are a tool used by President Donald Trump as part of his overall economic vision. As U.S. agriculture navigates tariffs and their implications on trade, commodity prices, input costs and more, ag economists and farmers remain divided on the effectiveness of tariffs and what the changes mean for the broader economy and livelihoods.
Ahead of the 2026 USMCA review, President Donald Trump is considering replacing the trilateral pact with separate deals for Canada and Mexico, a shift that could reshape North American agricultural trade.
In a major decision, the Supreme Court rules President Trump exceeded his authority by imposing tariffs using national emergency laws.
An official with the Chinese embassy in the U.S. confirms President Trump and Chinese President Xi might be getting ready to sign a permanent trade deal when they meet in China in April.
Beyond China’s political goodwill purchases and Brazil’s soybean showdown, the U.S. is eyeing a 30% surge in domestic processing. To stay resilient, farmers are advised to focus on profit margins rather than volume.
The proclamation authorizes an 80,000 metric ton increase in in-quota lean beef trimmings imports in 2026. Economists say retail beef prices are unlikely to drop without impacting producers.
During his trip to Clive, Iowa, Trump reaffirms support for year-round E15, backing corn growers and ethanol, while announcing John Deere’s expansion of two new domestic production and distribution facilities.
Domestic importers and farmers ‘bore the tariff burden substantially, says new research from North Dakota State University.
Rice at $132.89 and cotton at $117.35 will receive the highest per-acre rates, but some have called payments a bandage in the midst of current farm economic crisis.
Treasury Secretary Scott Bessent says China is making progress on its commitment to buy U.S. soybeans, hitting the “correct cadence,” with purchases expected to wrap by February 2026 — underscoring ongoing trade commitments and support for farmers.
China’s pledge to buy 12 MMT of U.S. soybeans is facing questions over timing, storage capacity and price competitiveness, leaving markets uncertain whether the full promise can be met before year-end.