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Shining Light on Farm & Food Policy for 20 Years.
Saturday, February 15, 2025
Ottawa and Beijing have unveiled their opening salvos in retaliation to Trump's tariffs and threats. While ag features prominently in both countries’ tariff lists, the responses are measured, analysts say.
Jamieson Greer, Trump’s pick to lead the Office of the U.S. Trade Representative, pledged to secure new markets for U.S. ag, examine China’s shortcomings under the phase one deal and lower tariff barriers in the biofuels sector.
President Donald Trump may have put Canadian and Mexican tariffs on ice, but import-dependent industries serving farmers are still feeling some tariff whiplash and face new duties on China.
The Chinese Ministry of Finance unveiled its response to new U.S. duties that went into effect Tuesday morning, announcing new tariffs beginning next week on agriculture machinery, but leaving soybeans and other agricultural commodities unaffected.
The White House's novel use of emergency presidential powers to impose new tariffs is likely to face legal challenges from opponents, but securing an injunction or a ruling against the orders will be an uphill climb, trade lawyers say.
President Donald Trump signed three executive orders to impose new tariffs on Canada, Mexico and China starting Tuesday. The tariffs mark the first time a president has used powers granted under the International Emergency Economic Powers Act of 1977.
President Donald Trump told reporters in the Oval Office Friday that there is nothing Mexico, Canada and China can do to avoid new tariffs slated to go into effect Saturday, and suggested the rates could eventually increase. The American Farm Bureau Federation appealed to Trump for a targeted approach with specific exemptions for fuel and fertilizer imports.
White House press secretary Karoline Leavitt affirmed that the Trump administration will impose new tariffs on Canada, Mexico and China on Saturday. She denied reporting that the tariffs would be delayed.
Trump's economic agenda could strengthen the U.S. dollar relative to other currencies, compounding an already challenging currency environment for U.S. exporters, economists say.
President Donald Trump is doubling down on his assertion that new tariffs could hit next month. He told reporters Tuesday that China may also face new duties on Feb. 1. Meanwhile, U.S. trade partners reiterated that they’re ready to respond quickly and forcefully.