Articles tagged under: tariff
MFU Voices Opposition to New Tariffs
Published February 10, 2025
Minnesota Farmers Union President Gary Wertish is opposed to across-the-board tariffs. Wertish said farmers haven’t fully recovered from the tariffs imposed during the first Trump administration and it creates uncertainty in the marketplace.Short-Term Pain
Published February 3, 2025
Beginning tomorrow, the United States is implementing a 25 percent tariff on products from Canada and Mexico and a ten percent tariff on Chinese imports. These countries are all planning to retaliate immediately. "We may have, short-term, a little pain and…What’s Hot, What’s Not in the Markets
Published February 3, 2025
In this week's edition of What's Hot, What's Not in the Markets, Martinson Ag Risk Management President Randy Martinson continues to point to cattle as the 'hot' commodity. The cattle market was cautious at the end of last week due…Canadian Cattle Association Criticizes Proposed Tariff
Published January 22, 2025
President Trump announced he may impose a 25 percent tariff on Canada and Mexico by February 1. An order was also signed to review U.S. trade deficits and the USMCA. Nathan Phinney, president, Canadian Cattle Association, called the proposal "a…Canada Promises ‘Robust’ Tariff Response
Published January 18, 2025
According to Canadian Prime Minister Justin Trudeau, the Trump Administration’s proposed 25 percent tariff on Canadian products will put American jobs at risk. Trudeau, who has announced his intention to step down, sent a message south of the border. "If indeed,…Grain Exports Lag Despite Speculation of Pre-Tariff Surge
Published January 8, 2025
There has been speculation that grain and oilseed exports would surge ahead of the Trump Administration and the potential implementation of across-the-board tariffs. NDSU Extension Crops Economist Frayne Olson said that pre-purchasing did not materialize. "There may have been a…‘Counterproductive’
Published November 29, 2024
President Biden is asking President-Elect Donald Trump to rethink his threat of additional tariffs on Mexico and Canada. Biden said these two neighboring countries are our closest allies and additional tariffs would be counterproductive. Trump is calling for a 25…Retaliation Threat
Published November 28, 2024
Retaliation is likely if President-Elect Donald Trump moves forward with his proposed 25 percent tariffs on products from Mexico and Canada. Mexican President Claudia Sheinbaum said she will respond with higher import taxes on U.S. products. Mexico’s economic minister said…Tariffs Cost Agriculture
Published October 16, 2024
Farmers will likely bear the burden of a tariff-based approach to trade. That conclusion came from research conducted by the National Corn Growers Association, American Soybean Association and North Dakota State University. The study found a negative impact on U.S.…