Trump Tariff Uncertainty Weighs on Traders

AgResource Company President Dan Basse says legal challenges and ongoing trade negotiations are driving market uncertainty. “We’re all trying to better understand what the oral arguments in front of the Supreme Court really meant.” Basse notes predictive market signals indicate only about a one in four chance that the current tariff structures will remain in place. He adds that while the president’s tariffs were a “big hammer” on non-performing trade partners, any future actions could take months to implement. “So many of these agreements are not even written down or codified,” Basse said. “With that in mind, this is where the concern comes longer term. If you look at other tariff levers that he could use, like Section 301 or 201 or even others, they’ll take an investigation period that may be anywhere between four to nine months.”