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5) U.S. and Canadian ag groups agree tariffs are bad for agriculture

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When President Trump went ahead with 25 percent tariffs on goods from Canada and Mexico on Feb. 1, farm groups in Canada and the U.S. expressed concern.

The American Farm Bureau Federation is worried how these tariffs will challenge farmers for the growing season.

Farmers already operate within thin margins, and increased input costs reduce those margins further, the organization said.

“Over 80% of the United States’ supply of a key fertilizer ingredient — potash — comes from Canada. Tariffs that increase fertilizer prices threaten to deliver another blow to the finances of farm families already grappling with inflation and high supply costs,” AFBF President Zippy Duvall said in a statement.
 

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